$EBIO has been getting sold off when it tries to make runs, looking for a spike tomorrow up to previous highs as resistance levels and then I will short it, 4.50 is the nearest half dollar resistance, I will have a loose stop around that area. If it pushes through previous resistance then I will keep waiting for the next bearish sign to short. After the washout I'll be looking for bear flag set ups throughout the day to play off of, such as the ones we had today.