$XBI continues to get cock-blocked at the 200DMA. Desperate fund managers keep bidding this POS looking for anything to help them catch up from being a PANICAN in H1. Given the massive bullish sentiment in the markets at the moment its just a matter of time before this runs.
Damm near caught the recent low in this puppy. Doesnt happen very often. This was originally a small bounce trade and didnt plan on holding past today. China stocks are back in vogue and Xi is printing like a madman trying to fight deflation so time to take profits I think.