IBB's chart is identical to the chart on the market psychology cheat sheet linked above. IBB 5-wave cycle is over + Truncated 5th Algorithms exit the market after extended 3rd waves, leaving the 5th with no volume nor liquidity, just as it's done for IBB .
Current Market Condition: Complacent. Just "cooling off for the next rally". 50%-60% Downside.
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