My near-term work on XBI points to one more upleg into new, high territory prior to a significant correction.
2 Scenarios
- An upside thrust from above 77.00-76.80 micro support toward my next target of 82-83, or
- a press into the area of the sharply rising 20 DMA, now at 75.41, prior to the emergence of the anticipated upleg to 82-83.