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Biotechnology Stalling At Double Top

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


This post first appeared on The Stock Market Viewpoint, please read the originial post: here

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Biotechnology Stalling At Double Top

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