$XBI - RC -
Added 2023-09-30 11:25:07 +0000 UTCSPDR Biotech ETF: No changes to this requested chart, it has pulled back as expected and working its way through this downward channel, in what we believe is a A - E wave count, interestingly enough, the pull back for Wave D is exactly at the 0.78 Fib, so this is giving hope to the Bulls that if the price can break above the channel, it is into the Bull Case and it can go a lot higher.
So if $XBI is an ETF you like, scaling in soon should mean that even if it follows the corrective wave or turns bullish, it will likely get a bounce for both scenarios.
