XBI was one of several alternative ETF’s that were covered in the Oct 30th Biotech Short Trade Ideas video, although the IBB (Nadaq Biotechs ETF) was & remains my preferred vehicle for those preferring to short ETF’s vs. individual stocks.  I just wanted to point out that the XBI has hit that first target level that was covered in the video for those who shorted it and might be looking to book partial or full profits.  T2 is my preferred target but note that there are also some positive divergences on the 60 minute chart of XBI so we could see a bounce from around these levels.