XBI Biotech 15% Potential – Trader Tip Of The Week Video

Using the daily charts, Chris Vermeulen of The Technical Traders talks about XBI, the S&P 500 Biotech Sector. Looking at the recent price actions from the 2021 highs, XBI is down roughly about 50%. From a longer standpoint, you can see the Biotech Sector ETF had a very nice rally, a bull flag, and ended up having the second half of the move to the upside.

Overall, Biotech is setting up daily and 30-minute chart patterns that point to pop and rally of 8 – 15% in the next 1-2 weeks.

LEARN MORE ABOUT THE BIOTECH SECTOR ETF XBI– WATCH THE VIDEO

Subscribers: Please let us know what you would like to learn and we will add it to the roster of our weekly Technical Trader Tips!

Non-subscribers: Please enjoy these micro-lessons as a way to further your education and understanding of how a technical trader…well…trades!

TO EXPLORE THE Total ETF Portfolio, PLEASE VISIT US AT The technical traders. You’vE GOT MORE TO GAIN THAN TO LOSE WHEN SEEKING INFORMATION!

Disclaimer: None of this material is meant to be construed as investment advice. It is for education and entertainment purposes only. The video is accurate as of the posting date but may not be accurate in the future.