The most recent XBI/LABU short trade was stopped out for a minor loss of 1.25%. A very tight stop was used as this most recent short entry/re-entry was based on the assumption that XBI had just started a wave B down on an ABC corrective wave (which didn't prove to be the case, hence the unusually tight stop). 60-minute chart:

XBI 60-minute Aug 24th

XBI 60-minute Aug 24th