XBI Consolidating Just Below Major Pivot

Theo SWRLS
XBI, the S&Ps Biotech ETF has been ranging nicely just below a major pivot that has acted as resistance for over two years. Bounced off the 20 EMA on the daily and made a beautiful candle on Friday. Anything that happens below $95 must be taken with a grain of salt, but it looks like it wants to breakout and flip that resistance pivot to support.
biotechMoving AveragesPivot PointsSupport and ResistanceXBI
SWRLS

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