The Biotechnology's overall trend, revealed by trends of price, leverage, and time, are defined in The Matrix for subscribers.
Science and math create discipline to recognize potential energy, and understand when it’s ready to be released (kinetic). I have not done any reviews on the Biotechs, because the Evolution of the Trade says they're not ready. Does everyone understand this? The composite trend, as defined by the computer in the Matrix, is Down, Up, Up. This is how we visualize markets breathing within the primary trend (up)
The Biotechs remain in consolidation as long as the three time frames do not agree. When will XBI be ready to flip? Maybe the flip comes after the daily trend shows price or time cycle extension. Or, maybe the daily trend will just flip when all the bulls yell, I hate Biotechs.
We don't sell a daily bullish narrative on the Biotechs, because we don't have to. The primary trend has been up for 13 months and 38%. The invisible hand doesn't care if the day traders get pissed because they fail to recognize the fractal nature of trends and cycles.
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