Playing Chicken with the Neckline

Coming up in my video market recap after the bell it is worth discussing major biotech GILD and how it outperformed today. On the updated daily chart, below, note the "throwback" to the busted neckline of a topping pattern. Bears made some progress today. But they almost assuredly must take down biotechs in order to really make headways for a true market correction. See you there.