Markets press on, new highs. However, biotech (IBB) is losing luster.
It could be just a temporary blip on the road upward.
Or, there could be something else afoot not known to the general public … and possibly not even known to professional speculators and market traders.
The video link below is to an alternate (independent) platform. One among many popping up in response to ‘adjustments’ being made by YouTube.
The video at this link is nearly an hour long. It’s one of those things that upon viewing the entire presentation, one can never be the same.
Viewer beware. For those with short attentions, fast forward to Time Stamp 22:50, for the meat.
Wyckoff stated a century ago ‘the reason for a move is always revealed after the fact’; we might find if IBB reverses from here and does not look back, the link above may ultimately become the ‘reason’ for such a move.
Imagine if this presentation becomes widespread knowledge … where will biotech be then?
Of course, price action is always the final arbiter. Positions (and stops) remain unchanged.