IBB has completed BOI and looks like it's in mark down in the lower TF's. Weekly and monthly show SOW in distribution phase. In the short to intermediate term, IBB will have to flush, but then I expect an explosive spring up.
Volatile ups and downs, but ultimately lower. Ball park 291.36 as the low.
FWIW, I did this at the request of a fellow trader. I do not follow IBB like I do ES
Volatile ups and downs, but ultimately lower. Ball park 291.36 as the low.
FWIW, I did this at the request of a fellow trader. I do not follow IBB like I do ES