Should be scanning ETFs

Come Monday going to look at a position in XBI (if it has not gone too far). Pulled back and spiked at the Weekly 50% Retracement that matches with prior price action. Stop needs to be just below the low of May 11th.

The industry for this ETF is Biotech. This should make Cathie Wood happy.

Comment:

Retracements within retracements are a thing of beauty. I was able to pick up XBI after the weekly Retracement on the bounce Retracement level 124.34

Trade active:

Today's down move gave an opportunity to add to the long.