XBI- getting very close to a great short setup

Short

SPDR Series Trust SPDR S&P Biotech ETF (AMEX:XBI)

Updated

AMEX:XBI SPDR Series Trust SPDR S&P Biotech ETF

xbi labd labu ibb

XBI etf telegraphs well

Comment:

Looks like breaking out but unconvincing IMO. Waiting for confirmation before short.

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