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XBI could potentially break out hard

SPDR Series Trust SPDR S&P Biotech ETF (AMEX:XBI)  
DerekTradeEZ  
AMEX:XBI   SPDR Series Trust SPDR S&P Biotech ETF
Trend Analysis Chart Patterns XBI biotech
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trendanalysis chartpattern xbi biotech
Ticker: $XBI

XBI needs to break 94.95 to break out hard. If we reject and form a 4 hour lower high compared to 94.95, WATCH OUT FOR THE 4H INVERSE HEAD AND SHOULDERS with support for 92.97 and 91.68!!!

Also watch for market correlation. If market is strong and hits ALL TIME HIGH, XBI could be in a great position to go long.
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