$LABU $LABD a strong bullish pattern is forming on weekly chart

AMEX:XBI1W

SPDR Series Trust SPDR S&P Biotech ETFArca

Description

⋅ May 21, 2016 12:31 PM

Downtrend line on RSI is broken, uptrend pattern is forming, weekly support moves to 52.5. The next move is to $70.

Comments

TheDragonFly

⋅ May 21, 2016 6:16 PM

Thanks TZ. Looks good. SPY looks weak though I am afraid it will bring the BIO down with it. If you have time I would like to see your analysis on SPY or SP500. Keep up great works.