RobertHeler

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Markets Allocation
100 % stocks
Top Mentioned Symbols
XBI 100% | 1
RobertHeler RobertHeler XBI, D, Short , a year ago
XBI: Head and Shoulders forming on $XBI, just like in December
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XBI, D Short
Head and Shoulders forming on $XBI, just like in December

Since all-time highs, AMEX:XBI has developed 2 head and shoulders and is currently developing a third one. Given how overbought AMEX:SPY is and how troubled AMEX:XBI and NASDAQ:IBB are, I suspect this pattern will form. My target is roughly $38.

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XBI
SPDR S&P BIOTECH ETF
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SPX500
S&P 500 index of US listed shares
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