XRT is in a downtrend; expect a bounce around Nov/Dec that should be sold, with continued decline likely.

The reason for this depends on the charts that I will show you while looking at FEZ, XRT and the Russell indicator.

There's something else I want to show you. The retail sector has been hit hard in our country. You can see the markets here in this chart. This is very interesting because look at this pattern here.

The retail stocks here are almost in the same pattern as what I saw in the FEZ index. I don't think so, it's really just a coincidence, but this does point to a bottom in December in fact.

Right there. Perhaps the earliest time is November. That will be in this next session here. What this means and tells you is that if you see an uptrend here, it is in bad shape and should fail again in retail stocks. You can see the orange dots here.

This means the market is in a state of oversold condition. He says, "Look for a bounce." The options trend indicator gives you a warning about that. It turns orange. Therefore, look for a bounce, but you should sell on this bounce in retail stocks.

Look what happened here. Look at this, let me enlarge the picture so you can see it more clearly. You can see, Umm... let me fix this here. So, you can see here how this was warning you about the resumption of the downward trend.

The Slim Ribbon PO indicator is one of the best indicators you will ever see.

You can see its value when it matches the Options Bias Index; it shows that there are problems.

Perhaps the big crash will not happen and the decline will continue in FEZ or XRT.