Biotech Inverse the Stock Market Lately

Isn’t it interesting that one of the few sectors in an unbroken bullish uptrend, the Biotechs, are down hard today as the stock market gets the relief bounce (a bear trap we managed in real time in an NFTRH update)?

While I won’t go into details, the upper panel gives the parameters on the S&P 500, which remains bearish as long as said resistance holds.  BTK by the way, has a parameter of its own; that would be the nice and robotic up-trending SMA 50.

spx.btk