Solid bounce from the lows, running into heavy price and trend resistance after a 50% fib retrace, looks to have printed and hanging man candle for the day as well. LABD is my method of shorting this with stops right over the price R on XBI.
Stronger looking chart through this mess. Been tough to buy strength but this could be a decent name to watch if we get follow thru. If not we have some room on the short side till long term trend support.
Bull flagging in a rising wedge pattern under short term price resistance. Some mixed signals showing that we need to be nimble, but there is still lots of headroom until we get to stronger R levels around that 2600 area.
