XBI (SDPR S&P Biotech ETF) Again Poised for Upside Continuation to New Highs

Our Model Portfolio is long XBI at 83.62 from 9/11. Today's upmove of 1% has popped the price structure towards another test of key near term resistance lodged between 84.40 and 84.60, which if hurdled on a Point and Figure print of 85.00, will trigger new buy signals that project to 86.00 at a minimum up to 87.40 thereafter to complete the larger upleg from the 74.40 area.

9 18 17 XBI PF Chart GIF
9 18 17 XBI PF Chart GIF

  Matched
x
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!