A move to $40 seems to be in the cards
Volume is confirming, sentiment at extreme positive though
$LABU has been forming higher lows and slowly grinding up towards the 7.95 - 8 resistance level. Will be watching on Monday for a breakout above Fridays high.
$LABU has been forming higher lows and slowly grinding up towards the 7.95 - 8 resistance level. Will be watching on Monday for a breakout above Fridays high.
This is painful to watch. Hopefully this week's JPM Biotech Conference will shed some value investing into biotechs.
Waiting for entry on trigger. Preferred to be closing below 68.73 on the daily or below 69.78 after 7th December 2015. Needs permission from S&P. < 2069. Same double top pattern seen too, will probably move only after NPF or FOMC.
$XLV $CURE $IBB $BIB $QQQ $SPY $COMPQ $SPX
Watch for the possible head fake $IBB $BIB $XLV $CURE
$LABU $LABD Biotechs leading the charge $IBB $BIB $XLV $QQQ $SPY
How far can this ponzi really go? Will biotech change the world forever? Is it really different this time? Short it after it breaks the curve. This could go up for another 42%, who knows how many greater fool are there still.. • BIS UltraShort Nasdaq Biotechnology 2x: etfdb.com • BIB Ultra Nasdaq Biotechnology 2x: etfdb.com • LABD Daily S&P Biotech Bear 3x...