Has been supported by markets but not for long. check out 200 day ma..
Perfect Ascending Channel and AB=CD, The price is most probably will keep falling to reach 26.
The gap may close to 57.30's but I'm expecting it to fall below mid 55's , where it should continue to drop IMO
In my previous chart, LABU almost finished AB=CD pattern in a nice Ascending channel. I sold half of my short at 26.8, and keeping the other half to see how the price will act after reaching the lower side of the channel. I mean in the circle, I marked as Breakout. ** Not really sure what will happen in the breakout circle. may be a reflection and price will go...
$LABD $LABD
$LABU $LABD $SPY $SPX
XBI below every major MA except 100 SMA and this lies on an important point in the Kumo. IMO if this breaks and sell off starts, it could impact the entire market.
Neat set-up here. The price got pushed over the 200ma by that little uptrend. There should be some room to the upside if this holds.
XBI etf telegraphs well
I believe LABU is at great support zone, soon we'll see it getting to 0.236 resistance zone, which will be 30.86
A break of this neckline and my target changes to bottom of monthly cloud