Biotechnology ETF IBB Has Falling PPO

The Biotechnology ETF IBB has a falling PPO which is signaling that a pullback is likely coming. I can’t believe IBB is not already falling with the PPO dropping as much as it has. I’m thinking we get sideways choppy action before a larger pullback at the end of September going into the first week or so in October.

Biotechnology ETF looks ripe for pullback.

Author: Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on unless specifically stated in the article. Owner of Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.

Sofi AI Market Sentiment Gauge

Sofi AI Market Sentiment Gauge

Market is overbought.