LABD Direxion Daily S&P Biotech Bear 3X Shares

$LABD What a recovery on XBI based on the buyout. However, we don't know which direction MMs will run this tomorrow. 2 options here now: 1) If LABD opens lower than 8.00 flat, time to exit 1/2 position or entire position (up to how big a risk taker you are), and rebuild/rebuy LABD position when XBI gets near 158-160 area. This is based on assumption that Wave 1 or Wave A completed today. The chart below shows what happened when a similar daily candle printed closer to oversold technicals. 2) If LABD opens higher, meaning the sell off algos are not satisfied yet, set a sell order near 8.75 for 25% of the position. Based on the reaction today, there might be heavy demand sitting at 145-146 area on XBI. Based on technical indicators we are nearing oversold areas but are definitely not all the way there yet and there is room for XBI to go further down, but not much without a bounce next. Keep in mind, overall trend is down, but there will be bounces on the way. GLTA!

$LABD Gap filled at 147.30 on XBI. Price below channel but support trendline is holding it. Not a bad idea to exit a small portion as neck line on the H&S approaches as well. Hourly chart near lows on technicals. This might be the completion of Wave A or Wave 1. Final target for Wave A or Wave 1 remains 144 area on XBI, so likely $9.10 - 9.15 tops. Let's see. I sold 20% here and still carrying 75% of position.

$LABD Quick Update. Bounced very close to bottom of channel but I believe we might have ignition this time if XBI closes below 152.50. Fingers crossed. Channel boundaries: 158 (high), and 149 (low)

$LABD Got some. traded out some LABU as when these give you a 10% day you gotta go with it😎👍

$LABD honestly ridiculous at the point. Would have rather been exercised at 8 and have this at $9 then to see this same dump everyday time. They must be really waiting for mid terms when they already know the outcome

Dear $LABD , I am not mad at you, I am just disappointed. I have held you for almost a year now. I have taken good care of you but you have not. I think it's time for you to do your job now and go back to double digits. I have been there for you for all the ups and downs. Thank you!

$LABD always lock in gains with this one boys and girls it’s never meant to be held just trade it $.25-$.50 and repeat

$LABD Market would've been up today regardless of any number on inflation. The never ending bullshit continues.

$LABD double digits offically off the table. I’m guessing $8 tops then reverse splits after it hits $4

$LABD Took most off today🙏 But I’ll be back soon😎👍 It’s just XBI is relentless and can seem to only do LABD in short spurts🥴

$LABD IWM gapped up on jobs report but XBI down, failing to move higher. Would have thought both up on the news