is in big trouble, better bounce from 58-59, or will break in Short

AMEX:XBI15

SPDR Series Trust SPDR S&P Biotech ETFArca

Description

⋅ Oct 15, 2016 10:15 AM

to the channel, $53-54 is trendline support LABU LABD

Comments

archie123

⋅ Oct 24, 2016 2:31 PM

Are you still of the opinion that this is going as low as 53-54 or is it about to turn around to head back up to 44 ?
I believe you are still holding your short.

archie123

⋅ Oct 15, 2016 1:12 PM

Helpful post. Nice clean informative chart. Trading log lends further credibility to your posts. Thank you.

TimZhang

⋅ Oct 16, 2016 4:19 AM

Thanks. Appreciate your kind words.

Parabolica

⋅ Oct 15, 2016 10:50 AM

Bounce approx. at that level and further down to complete zig zag, so each of the alternatives is true imo.