XBI update 02/01

XBI: looks still good for a lot more upside after today’s very bullish candle. A break over the (green) minor 1/a high will target $68, but we expect $74ish for intermediate iii/c.

Why? red wave i/a = $15; red wave ii/b is at $59. $59+$15=$74. AND green wave 1/a=$7, green wave 2/b at $61. $61+2x$7=$75.