The XBI, P&F Count

Biotech XBI, is now at the point where any substantial move upward, results in a ‘change of character’, the market would then be sub-dividing higher.

The Point & Figure (P&F) chart shows and interesting characteristic; each prior correction higher, reached a maximum that’s just one box (approx. 2-pts) below the prior peak.

That’s where we are now.

Biotech XBI, P&F

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279