Chart Of The Day - June 16, 2016

Author and Publisher of Smart Money Tracker Blog • Jun 16, 2016 at 8:23 PM EDT

If Friday produces a swing in the S&P 500 then the odds are probably good that the market has completed the half cycle low and will now make another run at trying to break out to new all-time highs.

Chart of the Day – $SPX/XBI (S&P 500/Biotech ETF)

cotd

If Friday produces a swing in the S&P 500 then the odds are probably good that the market has completed the half cycle low and will now make another run at trying to break out to new all-time highs.

If this happens then I want to focus even more heavily on biotech as it held up remarkably well during the correction.

Disclosure:

None.