AMEX:LABD Direxion Daily S&P Biotech Bear 3X Shares
I have been tackling LABD / LABU day in and day out. I have somehow made some profit week by week. I am trying to figure out which was the better trade as I think it has come to the tipping point. I believe LABD is the winner. I see sentiment in the short term market and I see an or a formation. On LABU I confirmed it because whichever way I look at it it is the opposite, head and shoudler pattern, inverse .
Comment: basically panned out, turns out that biotech was in a consolidation/accumulation pattern, i think it will retest that breakout and than contnue to bottom