While I plan to leave 60.10 as the sole & final target for XBI/LABU for the time being, with the 60-minute trend indicators recently flipping to bearish, one might opt to lower stops & hold out for either of these two additional potential targets.

XBI 60-min Aug 11th

XBI 60-min Aug 11th

With that being said, should each (or most) of the Big 5 leading stocks in the Nasdaq 100 break down below their respective 60-minute trendlines that were posted here yesterday, then I may decide to extend the price targets on the XBI/LABU Active Short Trade. At this point, the suggested stop will be lowered from any move above 64.35 to the entry price of 63.34 to assure at least a breakeven on the trade (stop on any print of XBI 63.34 or the equivalent price in LABU at the time, should XBI hit that stop level).

1+