Yesterday we noted the Biotechs had lower to go, and lower they went. Typical of today's momo driven markets IBB took the express elevator right to the projected support zone…
I would be careful here on Biotech. The reversal candle signaled a fallout from a mini blow off. The level to which IBB became over bought implied the momo players…
[edit] post unlocked to give public readers an idea of how NFTRH manages the entirety of the market (not just special interests like precious metals, tech, semiconductors, etc.) every step…