XRT trend is downward; expect minor rebound but sell into it.
Jump to any passage
and XRT. We will look at the different scenarios for the remainder of the fourth quarter,
The retail sector has been hit hard in our country. You can see the markets here in this chart. This is interesting because look at this pattern here. The retail stocks here are almost the same pattern you saw in the "FEV" stock.
I don't think it's just a coincidence, but this points to a bottom in December. Right there. Perhaps the earliest date is November.
What this means is that if a rise occurs here, it will be in bad shape and is expected to fail again in retail stocks. You can see the orange dots here. This means that the oversold condition exists, and indicates an expected rebound.
The options bias indicator gives you a warning about that. It turns orange. Therefore, expect a rebound, but you should sell on this rebound in retail stocks.
once again, the fourth-level indicators are now giving a warning that, with the exception of a minor rebound in the retail sector, the trend will remain downward.
Perhaps the major crash will not occur and the decline in the FEZ or XRT indices will not continue.
What this channel has said about $XRT
Steve Miller has 3 calls on this stock; only the adjacent ones are shown.