Lawmakers benefit from taxes generated from biotech, and big pharma companies that are generating massive revenues. Expecting $LABU ~$50-55 range by mid September.
Stoch RSI very low, momentum showing possible reversal
after earnings no more major news until election time. possible martin shrekli enlightenment
There's major global pull back, Biotechnology will scale back, but not as much as SP500 and DOW.
You should hedge properly, VIX will be back soon.
*Election year is Biotech Year*
election year is biotech year.