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XBI Bearish On Trump

Biotech was set up in a bullish triangle but changed directions (along with healthcare XLV) on heavy volume today as Donald Trump addressed the nation.  He spoke of cracking down on drug pricing and talked of a "bidding process" in his administration.  This now sets up a bearish triangle if you wish; cover above todays high.  I at least like the minimal risk.  Let's see how this plays out and if I'm wrong, I'll flip my position and get long.

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