IBB might retrace at 290.6

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ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND (NASDAQ:IBB)

NASDAQ:IBB ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND

2618tradesetup

Might be a good chance to long LABD .
A further dip in LABD is a buy. Stoploss 296.67

Comment: If Break 300, then find entry to long IBB at a pull back.

Comment: Nice retrace

Comment: Closely watch it, wait for a pull back before entering. This is a formation that near this top, institutions often sell their shares to amateur traders, the drop in price will force them to abandon their longs entered at the top.

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