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NSAM

Rising wedge and double top @ 93, MACD & RSI Divergence

Short
SPDR Series Trust SPDR S&P Biotech ETF (AMEX:XBI)  
NSAM  
AMEX:XBI   SPDR Series Trust SPDR S&P Biotech ETF
Trend Analysis Chart Patterns XBI biotech
3
0
trendanalysis chartpattern xbi biotech
Slow down in China and Europe, Recession in Germany, Trade tension between US/China, Fed capitulation, Bear market rally exceeding 40% from lows, etc., etc., etc... all seem to point towards another leg down, possibly beyond previous lows. Over excitement by the bulls after yesterday's rally adds to my conviction that we may be heading lower, and possibly much lower from here.
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