AMEX:XBI   SPDR SERIES TRUST SPDR S&P BIOTECH ETF
1852 42 30
It was a bit early for this pullback. I was quite sure that the oil             rally will push up S&P             to new highs - it didn't happen though.
It's too early for LABU             and XBI             to print any scary correction now. We are tagging the 20 EMA in XBI             and that might be the end of this pullback both in LABU             and XBI             .

If oil             continues its run - and I think it will - that will be oil             on S&P's fire.
That could give a push to the biotech sector as well.
Hopefully Hillary doesn't attack biotech again in the following weeks so we can finish this daily cycle with great gains.

Comment: Today we might start a good bounce in LABU. It's a possible good entry or adding point...
I was expecting a sizeable correction but this is beyond ridiculous! LABU is likely to tag support between 20/22 so I would hold off for now and wait for the SM to complete its ICL before buying or adding to any current position :)
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RUNAWAY GAP filled. What's next?
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bertcoin PRO KholleKhokk
An election. LABU could be a super good buy after the markets digest the election.
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bottom in place?
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Arpi - noticed in the EurUsd post yesterday that GoldBug777 asked your thoughts on LABU. I appreciated your comments.
GoldBug777 : "Hey, what do you think of LABU? We must be getting close to the bottom now.."
chartwatchers " "We might be testing the gap. I don't suggest to enter before the elections."

Folks might appreciate more of an update if you have more to add.
Thanks for all your great posts and insight.
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I hit my stop. Guys any ideas about this trade?
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I initiated entry $LABU.Will average down if ineeded.
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I'm seeing a shit load of divergences on the chart ______________ exiting LABD with a sweet ass profit (thank you), buying LABU!
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Hi Arpi,

Indicators on weekly chart point that trend might be changing. Also, I think it is time for ICL. I would watch if current week can maintain that hammer or advance. I am afraid it is just broken trendline test back.
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I am again with you in LABU. 2 reasons: 0.618 + pin bar yersterday. Looks confirmed long

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