LABD 3X BEAR BIOTECH LONG DAYTRADE

As shown on the 15-minute chart, LABD is bouncing between stardard deviations of the VWAP in a 6% price range

fluctuation day to day. At the upper end it is reversing at the POC of the volume profile confluent with one

standard deviation above VWAP while at the bottom it is bouncing from the bottom of the lower high volume area

of the profile and two standard deviations below VWAP. I see this as an opportunity for a 6% upside long day

trade especially if the general market is uptrending after the weekend. Alternatively, a 5 DTE call option

with a strike of $ 15.50 or $16.00 looking for a 30-40% return on the premium over the upcoming week. ( The

zero lag MACD confirms the buy signal.)