Overnight, Pre-Market

Markets might continue their decline in overnight and pre-market.

If pre-market or early regular session has IBB trading near its target level, we’ll plan on exiting (LABD) in response; not advice, not a recommendation..

Every other active trader sees the H&S at this point and is probably waiting to close out (their shorts) at or near the bottom.

If so, it may result in buoyancy and the trade will start to degrade; exit is warranted under those conditions.

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

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