RobertHeler
Short

Head and Shoulders forming on $XBI, just like in December

AMEX:XBI   SPDR SERIES TRUST SPDR S&P BIOTECH ETF
Since all-time highs, AMEX:XBI             has developed 2 head and shoulders and is currently developing a third one. Given how overbought AMEX:SPY             is and how troubled AMEX:XBI             and NASDAQ:IBB             are, I suspect this pattern will form. My target is roughly $38.
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