TimZhang
Short

Keep in mind - draw this chart days ago, now fully developed

AMEX:XBI   SPDR SERIES TRUST SPDR S&P BIOTECH ETF
176 4 3
Price is moved right into $62 - the expected top area. I would lock in $
http://www.bloomberg.com/news/articles/2016-08-03/rally-sold-as-biotech-etf-has-biggest-1-day-outflow-in-16-months
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can XBI fall down to low 50s? I think Biotech is overbought
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do you see a pullback coming soon for xbi?
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Yes, will pull back, personally I would like to see it.next week or RSI near 70.
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