Based, in part, on my blog post yesterday about the twin peaks seen on the IBB ETF weekly chart, below, for the biotechnology sector, I put out a tester short just now on the sector inside 12631.
More on this in my video market recap after the bell.
See you there.
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Man I feel the exact same about this one. How the hell does it trade between $40-100 for 10 straight years (most of the time between $60-80…then magically pop to $300 in 1.5 years? Sure it broke out…but this thing is in a world of hurt after it corrects.
Look at RL for short too.