Biotech (IBB) is trending higher and may reach a top right during the election.
If that happens and then reverses, it may be posting a bearish MACD divergence on the weekly chart.
From the low during the week of March 20th, we see a potential Fibonacci time correlation in effect. A pull back low occurred during the week of June 12th, a Fibonacci 13.
Interestingly, the week of November 6th, is Fibonacci Week 34.
On the sidelines for now; watching for a trade set-up.
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