XBI on watch for continued weakness

SPDR Series Trust SPDR S&P Biotech ETF (AMEX:XBI)

AMEX:XBI SPDR Series Trust SPDR S&P Biotech ETF

Last week despite a very strong market XBI high broke away from the monthly trend zone line. Now there is lots of volume at this level so this is not a screaming short. This is an area showing lots of relative weakness.

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