xsubtownerx

XBI 1H Short - Divergence

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AMEX:XBI   SPDR Series Trust SPDR S&P Biotech ETF
You wouldn't catch me going long here (XBI) at these levels on the 60 minute chart. RSI and MACD divergence to price ratio is CRAZY. On watch for a short tomorrow. GL
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XBI poised to hit 72 this week. No reason to rush into a short just yet. Even on the 1H chart...
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Of course literally seconds after I post my last comment we get a flush. On watch again...
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