The Biotechnology Index (IBB) is approaching its max move taret. This is calculated by extensions from the moving averages on the daily chart as well as history vertical moves (up or down) and resistance trend lines that show up on the chart. This is a fantastic high percentage ratio of finding tops and bottoms in stocks. If you can learn these methods, they will literally make you millions in your life time. The max move on IBB is $297-$302. The high of the day today was $296.84. The way to play this is buy shorting the IBB, buying puts on it, or buying an inverse ETF like $LABD if you are extremely aggressive.
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