The Biotechnology stocks prediction was spot on last week as biotechs went sideways and then took a turn down. Here is the biotechnology stocks prediction chart from last week so you can see just how accurate it was.

Biotechnology stocks ETF predicted to pull back

I do not expect the $329 support level to hold. I think we get a move lower to $322 over the next month. Below is an updated biotechs prediction chart.

At the end of October IBB will likely bottom and then we may get a move higher in November and early December.