Pull and recovery in the market after SPY hitting upper range of the Bollinger Band as we talked about in last post.
Bull’s still in control as long SPY stays above 20/50 MA and trend line. Biggest action last couple of days has been on biotech stocks as IBB broke down trend line on that last move to lower high yesterday and with continuation today as it broke the big trend line and 50 MA. We had some hot trade in chat shorting this biotech carnage by shorting ISIS,JUNO, KITE and AGEN.
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