The IBB Cycle 2 (C2) top (2015) pre-dated the SP-500 Cycle 2 (C2) top (2018) by about 3 years. The Cycle 3 (C3) wave higher has been underway since early 2016 and should last until at least year 2030.
IBB Monthly Chart:
SCI-SCV, SCA-SCC: Super Cycle
C1-C5, CA-CC :Cycle
P1-P5, PA-PC : Primary
[1]-[5], [A]-[C] : Major
1-5, A-C : Minor
(1)-(5), (a)-(c) : Minute
i-v, a-b : Minuette
Primary Count:
White/Green (Bull Market)
White/Red (Bear Market)
Alternate Count: Blue
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Posted by pugsma on April 20, 2020
The IBB Cycle 2 (C2) top (2015) pre-dated the SP-500 Cycle 2 (C2) top (2018) by about 3 years. The Cycle 3 (C3) wave higher has been underway since early 2016 and should last until at least year 2030.
IBB Monthly Chart:
Posted in IBB | Tagged: Elliott Wave Technical Analysis, IBB Technical Analysis | Comments Off on April 20th, 2020: IBB (Biotechnology) Monthly Chart