Could pull back slightly to the 52.74 or even 50.50 level where there's an open gap. My bias is very little room down then a move up to 62.48 or higher. Open gaps at key fibs. Just saying... With market weakness, this would see a sector rotation.
Possible this needs one more flush to 1.618 fib ext at 44.63.
I'm not real sure on this one. Need more price action.. That said macd with a higher high, so I would anticipate a move up to key fibs, then take out the lows
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tfinavia
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Hi Brother, Please update on this if still targeting XBI to 62.50 post within Brexit world. My charts don't confirm it and I am seeking help with respect to higher price perspective if you would be kind to explain or show. Thanks bud.