Pivot Lower

This week, biotech XBI, broke below support and then came back to test.

Today printed a new daily low (and closed lower), indicating the test may be complete.

Short trade: XBI-26-05, opened late in the session with a stop just above the day’s high (not advice not a recommendation).

Stay Tuned

Charts by StockCharts

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