Biotechnology Stalling At Double Top
Alan Bradley | Dec 13, 2017 12:36AM ET
The ARCA Biotechnology 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.
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