Biotech Breakdown: Twenty Bucks Says It's 15-20% Correction Time (8/21/15) | Marketfy

Christian Tharp

Biotech Breakdown: Twenty Bucks Says It's 15-20% Correction Time (8/21/15)

By Christian Tharp, CMT — Author

Market Analysis

S&P moving lower, as forecast, channel support breaking today
DOW tested prior channel support, moved lower as expected
Nasdaq continues to get hit the worst
NYSE breaks support

Biotech

IBB sitting on 200MA
AGIO breaks 90
VRX breaks trendline support, sitting on 220 support
REGN sitting on trendline support
BMRN breaks 132 support zone
KITE breaks trendline

Tickers: SPX IBB COMP AGIO VRX KITE REGN BMRN

Posted to The Biotech Trader on Aug 21, 2015 — 3:08 PM

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