Hubert Senters here.

Let’s take a look at REGN. Obviously the pharmaceuticals has been having a rough day of it and you can see here on the power shift.

You’ve got a sell signal across the board so you are trending. It’s trending down here. The yellow line is above the white line which means above $20 it means you’re trending.

We’ve shifted from bullish control to bearish control because the red is on top where the Parabolic sell about.

There’s one, two, three. You could have went yesterday or the day before or if you’re a little bit more conservative you wait for today to get short at $646.

Now, where’s your target’s going to be? Here’s how I would do a target. And this is the daily chart. All we’re going to do is we’re going to go like this right here.

Grab a fib. Go from the dead lows. Those most recent highs right there. The target makes sense to be right here like $562 to $533.

We also have a little bit of cluster of support right here. As you can see there’s a little gaggle with a traffic jam there.

So I would probably extend that and I would say the target would be in this zone right here and I’m going to remove that little colored box and just brew in there.

So I would say $589 to $533 would be the target and if it cuts through $533. Heads up, it’s going to go to $438. It is potential short on REGN target of $589 to $533.

I’m going to be doing the last Mother Of All Bubbles webinar presentation for this week. I don’t have any scheduled for next week because I’m working on something else so.

If you want to come to it I’ll be doing it tomorrow. I’m going to show you why I think that the market’s going to sell off in the next 6 months and how I’ve timed it correctly in the past.

Heads up, it doesn’t mean I’m going timing right at this time. It never does. And past performance is not indicative of future returns. That type of disclaimer thing.

If you’re interested in seeing why I think we’re going to rollover and how I’m going to take advantage of that then show up to the webinar tomorrow at Friday, September 10th at noon EST. First name, email address and mobile phone device.

Good luck. Hope it helps. See you on the next video.

Hubert.