Direxion Daily S&P Biotech Bull 3X Shares
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1st time try LABU/LABD

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LABU has been going crazy up for the last 3 trading days, gaps everyday. I'm considering short LABU or say long LABD soon.

3 reasons:

1. all the up/down needs to go like zig-zags, nothing like straight up like ka-boom rocket and never gets back

2. hidden RSI bearish divergence

3. MFI is approaching over-bought area

Cheers~
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I see some MACD and RSI Bearish Divergence on 1H and Hidden Bearish Divergence on 4H
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The last comment i had is according to XBI, not LABU/LABD
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Welp....
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keep going XBI keep going
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so far i'm out for this trade now, and I'm just using it as a study.
this short is running great as I projected, let's see if it can close the big gap by next week.

P~o~t~a~t~o~~~!!
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Trade(study) will end when the price close the gap
Trade fechado: objetivo atingido
Gap closed, now wait for more price actions and see we can have some long opportunities

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