Well, what can we say? The market is the market and it is what it is. We have to go with its signals. Here’s how NFTRH 351 concluded the US Stock Market segment on Sunday…
Let’s close the segment with a look at the Biotech index. The daily chart pattern still has a sneaky bullish look to it. If it gets above 4200 the bullish look would be more than sneaky, it could indicate a return of speculation and eventually, momentum to the US market. A failure of the 50 day averages, as BTK very temporarily did last week, would turn this thing bearish quickly.
Here’s the chart that was associated with the above (now updated obviously)…
Bullish it is. Really bullish as of now.
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