Sell/short Alerts was triggered for the Biotech industry today. An open below $44 will lead to an exit of BIB. However, should it rally and close above that level, then the trade will be re-entered before the close. Otherwise all indexes remain on long/buy signals.
The 30 min SPX chart shows the SPX is behaving exactly as expected. I believe the most likely count is the blue alternative. According to this count minute wave [ii] might have bottomed today or could possible push down to around 2104. But once complete, then minute wave [iii] should follow and take the SPX to the new all time highs I’ve been forecasting all along.