NASDAQ:IBB   ISHARES NASDAQ BIOTECHNOLOGY INDEX FUND
155 3 5
Although there could be a correction in between, it may not be over.

The top could be at the end of the summer around 420.

That would complete a 640% rally since 2009. Remarkable.

The final stages of such rallies can be asymptotic and overshoot.. That could be in the next few month (Maybe after an intermediary correction).
Justiceisfalse
2 years ago
Would be interesting if that coincided with a general market top.
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Justiceisfalse
2 years ago
Oh and givent the lack of derivatives for the IBB, one can look at the BIS (inverse ETF) and options on CELG and GILD
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Market_Masta
2 years ago
your 1st trend lines are all jacked up
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