That’s Not All

Is a long-term, downside reversal in this sector, about to bubble to the surface?

With yesterday’s update, it’s easy to get lost in the hourly and daily maneuvers; see a likely (short-term) potential, while it just distracts from the bigger picture.

That ‘big picture’, is below.

Once again, we have a (potential) repeating set-up: Wyckoff ‘Spring-to-Up-Thrust.

Biotech XBI, Weekly Close

With this week’s volatile action but lower overall close (from last week), the ‘up-thrust test may be complete (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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