XBI Seeing about 2 million dollars today trading in $80 strike puts for August 19th near the ask. I remember that $78 area being a prior major support, so $80 target seems reasonable if a pullback materializes. A 62 RSI here now and came off a high yesterday of 86. Looks to need a rest. For this reason my allocation % is leaning to LABD over LABU on a relative basis. I like LABU for another push up, though I think it needs rest here for a bit as well as the market. 

Agree with anywhere here to the gap 4,017 area is where the pullback will begin. Starting to wonder if they leave the gap open here and start the pullback now because it is expected to be a certainty that it fills now. And maybe it does, but maybe it needs to pullback first before pushing again. Probabilities. Fool the most is how the market playbook has been all year.