Sherlock retweetledi

#biotech indicator extremes match or eclipse dire readings at prior lows.
1) % of Bios > 50 DMA sunk to single digits. Each 5 prior times readings achieved this threshold since the meltdown -66% low in May/June 2022, rallies of +13%, +29%, +10%, +25% & +20% ensued for the $IBB
2) % of Bios above their 200-DMA matched the extreme of said May/june major Low that held for 14 months
3) With a mind boggling 421 new 1-yr lows in Healthcare/Biotech, the % of Top 250 bios within 5% of a 1-yr Low at 60%, again equaled the crash low of May 2022. Can you imagine how much worse it is among the microcap bios? $XLV $XBI

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