Direxion Daily S&P Biotech Bull 3X Shares
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LABU Bullish. LABU

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As expected SNP Biotech sector is in the green and this has been reflected in our last update with every new and emerging biotech stock that we reviewed being convincingly bullish. We have and end to a zig zag formation here, this a corrective X Wave or a start of a new impulse ensures. We shall see which shall transpire in this instance.

We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
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