Biotech Breakdown: Market and Biotechs Drop, More Selling to Come (10/2/15) | Marketfy

Christian Tharp

Biotech Breakdown: Market and Biotechs Drop, More Selling to Come (10/2/15)

By Christian Tharp, CMT — Author

Market Analysis

S&P rally appears to be over
DOW break of 16K should lead to lower prices
Nasdaq support at 4500 +/-

Biotech

IBB sandwiched between its upper and lower trendlines
ANAC pushed off of the 112, stuck under 120
VRX getting hit again today
BMRN trade closed for 5-point gain
BLUE having trouble getting off the mat

Tickers: SPX IBB COMP VRX BLUE ANAC BMRN

Posted to The Biotech Trader on Oct 02, 2015 — 10:10 AM

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