It seems like the blue resistance around 246.50 is holding. Biotechs will likely be ranged bound and go back up to around 290 as investors fearful of the impact of Brexit look for solid yields and value buys. Also this trade offers a great risk reward ratio, if price goes below blue resistance exit trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.