XBI - At Longterm Trendline

Biotech is testing the longterm trendine now. These lines are not always perfect, but Biotech should see support soon. One reason it does seem heavy is that XBI has had a big bull run for many years as shown in this monthly chart. Monthly

UVXY - Still In a Downtrend

UVXY is still in a downtrend on the weekly chart. Notice that UVXY is more active this year. It's tradeable as it grinds lower. The 50 weekly is keeping a lid on the price for now. Weekly