Last week’s winners were the prior week’s huge losers; that being the Healthcare sector. The healthcare provider ETF was up just over 7% erasing almost the prior week’s decline.
The weekly and daily time frames are still in downtrends and, based on last week’s rally to price resistance, it’s likely that the recent advance is not going much further. Not without some consolidation and a potent reversal lower could set up some good short opportunities this week.
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