iShares Biotechnology ETF
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Survey - What would you do in this scenario

152
This is a chart that I sent to my members today.
It presents two potential trades on IBB:

1. Bullish (short term) setup - 270$ is the key zone as it presents a weekly support zone.
2. Bearish continuation (based on longer term analysis) - Continuation of the the waterfall that started on May 2015.

Waiting to here your thoughts.

Nota
Despite Trump's comments, IBB holds the bottom of the channel.
270$ is nearest support.

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