Support Lower at $273. Baseline Rising Channel Support ~$250. $XBI $IBB
Long-Term Rising Channel. Repelled Today. $IBB $XBI
Break >$71.25, Recovery >$75 to Regain Credibility $IBB $XBI
Reasons are posted inside chart.
The deep freeze has taken over small cap land. It has been a long time since small caps were out of vogue but the time has come. As the great rotation of capital shifts from high risk stocks to low risk, high dividend payers, many think the end has come for any investments in small caps. I am here to say that is not true. Over the past year, you could have closed...
Biotechs Suffer Greatest.
$58. $XBI $IBB
Much Lower, Near $110. $XBI $IBB
Needs Rising TL Recovery >$52 for Minimum Proof. $XBI $IBB
Now -40% Over 7 Weeks. $XBI $IBB
(But That's Typical Here) $XBI $IBB
TL Support Lower at $130 $XBI $IBB