The $BTK Biotech Index is not showing such a bullish outlook as the other index charts.  The biotechs are historically a good weather-vane as to where the market goes next.  

Investors are going to be watching this closely to see what happens in January because it is currently trying to signal a risk-off indication but could change quickly as it is sitting right on the lower line of its 1.5 year red ascension channel.

Trade well my friends

Alan