CalebDismuke

Good R/R for short position in XBI?

AMEX:XBI   SPDR SERIES TRUST SPDR S&P BIOTECH ETF
Technically Speaking
Price is trading right up to the pivot level 68.

Where is the R/R?
The R/R favors the shorts at these levels, in my opinion. I would target the rising trendline noted on the chart. Stop above 73.

If long, you have three options, hold and hope for bigger gains,take profits, or use a trailing stop.

As always, trade your plan and execute.

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