XBI
XBI remains bearish IMOThe 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
XBI - At Very Critical PointXBI 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.
PETX-Big Picture(I like looking at the daily here.)
Nice recovery after the brutal sell-off eight months ago. If 7.99 becomes support I believe there is a ton of room to the upside.
PETX-third time maybe?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.
Watch over $59 for a long swing back upwardsPosition trade in IRA here from beginning of month at 50.62.
Check out weekly momentum on biotech. The tide is turning.Need a neutral to good close to the week tomorrow.
Heavy resistanceChart looks a bit different from $IBB with defined channel. Looks like it would be easier for this one to pull back farther though.
Tweezer tops give cautionIf this falls back in triangle, watch for a test of $50 and 50 day moving average.
$XBI has R1 at 54.71 and R2 and 56.00. Smooth sailing after...Might need more time but the chart is sliced in two at this level. RSI turning overbought here on hourly - not yet on daily.
