IBB touched close to my 255.69 target AH on Friday. My belief is we have a sector rotation upon us. I anticipate weakness in SPY and a move into beaten up bio's through October.
Last time macd at same level, Px was 397.58 where an open gap remains. It's possible we see some more weakness before the rotation. $234.96 would provide a secondary test to take out the low and S2 + 1.272 fib ext.
Some bullish divergences in momentum, but can argue in a triangle. Regardless, ATR is relatively low and if you look at past precedent, these lows have been accompanied by a move higher.
Px is below developing VA and top end is $374 Lots of gaps open above at some key fib levels.
I have no position, but watching closely. ( Only bio exposure is VRX in full disclosure)
Last time macd at same level, Px was 397.58 where an open gap remains. It's possible we see some more weakness before the rotation. $234.96 would provide a secondary test to take out the low and S2 + 1.272 fib ext.
Some bullish divergences in momentum, but can argue in a triangle. Regardless, ATR is relatively low and if you look at past precedent, these lows have been accompanied by a move higher.
Px is below developing VA and top end is $374 Lots of gaps open above at some key fib levels.
I have no position, but watching closely. ( Only bio exposure is VRX in full disclosure)
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.