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warrenbudget

I am a permabear... but how can you ignore all this confluence?

Long
S&P Biotechnology Select Industry (SP:SPSIBI)  
warrenbudget Updated   
SP:SPSIBI   S&P Biotechnology Select Industry
Trend Analysis SPSIBI LABU LABD biotech biotechs biotechnology ETF SPDR S&P 500 ETF (SPY)
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trendanalysis spsibi labu labd biotech biotechs biotechnology etf spy
Target 10,000. I can't believe I said that... but there is just too much confluence to ignore this possibility. However, a breakdown from this wedge will likely eliminate this play. Either we hit it fast in 2019, or this long is off the table. Let me know your thoughts.
Comment:
I did not consider the macro trend when analyzing this chart. Disregard this idea, and reference my new publishing on BTK. We will hit 10k eventually, but it will probably take longer than expected. Still lots of opportunity to go long, just have to be patient.
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