LABU - S&P - XBI

A few of you asked to update LABU, so here is what I think.
Unfortunatley this doesn't look good. While S&P had a nice rally in the last month XBI and LABU was not able to print a rally. It was in a decline mode.

And now we have a problem as stocks (S&P) might starting to move down into the DCL XBI and LABU might test back the gap or in a worse case it might print a failed intermediate cycle....

I think the sector is waiting for Trump... I wouldn't do anything here right now...
We have to wait if Trump is supporting Biotech - the biggest opportunity for USA - or he just stays at the old sectors...