“askSlim Market Week Brief 09/11/26 - Analysis of Financial Markets”
XBI faces a short-term pullback to 144-150 but remains poised for new highs by year-end.
Okay, so this is the XBI on the intermediate term. It has been rising. It has been acting great. Every flag has turned up on the upside here as you can see right here and right there.
But now we are starting to really stall out a little bit versus that 170 area.
97 to about 1019 is when that low is due. What is happening with this overall translation really really strong? This is a right-hand translation where we have used up most of that cycle rallying.
It's it is leaving a short window of time for a pullback after which we would be looking for still new highs uh here as we get out out likely into year end uh in the XBI.