We need the QQQ's to show strength but XBI looks set up within the next 3-6 mo to make a big move up
This remind me a lot of 2011 where the declines got slower and shorter and finally XBI ramped up to new ATH's
Notice the slower rate on the current decline. So far 5 intermediate term bottoms
Same thing happened in 2011. 4 dips and we were off the races.