BioTechs Head's Up

I haven't covered biotechs for a bit as the intermediate charts have been in line and I'm not one for chasing, but there is a Channel Buster in place and if you've seen the NASDAQ Bios this morning, there's quite a bit of volatility and what would otherwise be known on a daily basis as the start of a bearish Dark Cloud Cover and perhaps a Bearish Engulfing candle, although we are no where near that actual designation other than early volatility and considering the channel buster as there has been a definitive change in character in bios since the 13th.

I'm putting together a rather large update for Bios, for now though know that the 2015 Trend Channel stop out that has held the trend is at , well...

Below $347.50 on a Daily chart's closing basis. It looks pretty far from the Stop, but considering the Channel Buster, you've seen how quickly those reverse. I might set some price alerts for the area. The Trend Channel will continue to move up and lock in gains, but also move up to a closer area and the actual stop will be a bit higher even if Bios continue to see downward volatility.

I obviously would want some very strong signals considering this is a quad witching day and volatility runs rampant, but there has been a significant change in character in NDX bios since March 13th as you'll see soon.