PPH Pharmaceutical ETF Remains Strong

The PPH continues to acts extremely strong off its upside pivot reversal from Tuesday's low at 68.21 -- and projects next into the 70.50/60 target zone. However, my intermediate work argues that this strength represents only the initial leg of a move that should revisit the March high above 74. We remain long, looking for a place and timeframe to add to our 50% position (at 69.06 from yesterday).

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