AMEX:XBI   SPDR SERIES TRUST SPDR S&P BIOTECH ETF
Bear market rally of 44% off lows, MACD and RSI divergence, double top at 93 and rising wedge all seem to point towards a reversal back down to the lows. This week's ultra dovish Fed capitulation, Brexit/EU uncertainty, drug price control debate, VIX under 14, extended China/US trade talks, ultra-low job creation, slowing economic growth globally and missed earnings , may also be supportive of a downward trend.
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