Losing Upside Energy

Today was a shortened trading day, so there may need to be more (resistance) confirmation in the coming sessions.

With that, we can see the biotech index SPBIO, has stalled at resistance.

The chart shows there were five-months of support, broken to the downside, now becoming resistance

Biotech SPBIO, Daily

As stated in the last update, the market itself is not giving indications the current short position, LABD-24-21, requires and exit (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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