$XBI - BIOTECH ETF -
Added 2024-02-28 16:37:47 +0000 UTC$XBI has been running very well this up and up 16% for the month of Feb.
Once $XBI broke out of its channel and retested the breakout level, the price action got the green light to bounce and it has bounced hard.
This sector had been beaten down over the last 2 years but showing strong signs that the reversal is on now.
No changes to our chart now and the price is testing a resistance level at $102 now....a flip of this level to support and this may start its next leg up
Our Wave Y level remains at $174.
