Friday, June 1, 2018

#Biotech Review $XBI

Biotech Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

Biotech's overall trend, revealed by trends of price, leverage, and time, are defined in the The Matrix for subscribers.

Subscriber Comments

Biotech's tape (SP Biotech Mid ↓COM Dbl UP▲ 3 | 14) remains in double upside alignment (see Matrix). ↓COM, an indication of high compression, suggests a powerful move towards expansion is coming. Dbl UP favors an upside breakout that leads to Trip UP alignment.

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Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.