XBI Testing a Key Multi-Year Resistance
After years of underperformance, the SPDR S&P Biotech ETF (XBI) is finally making a strong comeback. On the monthly chart, the ETF has been consolidating below a crucial resistance zone around $106–$107, which has acted as a major pivot since 2018. This level served as solid support before the 2021 peak, and now, after several years of sideways movement, XBI is once again knocking on the door of a potential multi-month breakout. A confirmed breakout and close above $107 could signal a major shift in trend — potentially launching the biotech sector into a sustained bull cycle