S&P Biotechs (XBI) Update

12:38 p.m. ET XBI (-1.1%) is consolidating again, thus far in a bullish flag. XBI (10m) The measured move coming out of the first bull flag is a little over 8% and this most recent consolidation (bull flag) started after having reached the half-way point just over 4%, so that’s not uncommon, but with such…