XRT处于下行趋势；预计11月/12月前后出现反弹，该反弹应被卖出，后续可能继续下跌。
逐段跳播
其原因取决于我将在观察FEZ、XRT和罗素指标时向你展示的图表。
The reason for this depends on the charts that I will show you while looking at FEZ, XRT and the Russell indicator.
还有一件事我想给你看。零售板块在我们国家受到了严重打击。你可以在这张图表中看到这里的市场。这非常有意思，因为看看这里的这个形态。
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.
这里的零售股几乎处于与我在FEZ指数中看到的相同的形态。我不这么认为，这真的只是巧合，但这实际上确实指向12月的一个底部。
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.
就在那里。也许最早的时间是11月。那将在这里的下一节交易时段。这意味着并告诉你的是，如果你在这里看到上升趋势，那么它的状况很糟糕，零售股应当会再次失败。你可以在这里看到这些橙色的点。
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.
这意味着市场处于超卖状态。他说：“寻找反弹。”期权趋势指标会就此给你一个警告。它变成橙色。因此，可以期待一次反弹，但你应该在零售股这次反弹时卖出。
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.
看看这里发生了什么。看这里，我把图放大，让你看得更清楚。你可以看到，让我把这里修一下。所以，你可以在这里看到，这是如何就下跌趋势的恢复向你发出警告的。
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.
Slim Ribbon PO 指标是你能见到的最好的指标之一。
The Slim Ribbon PO indicator is one of the best indicators you will ever see.
当它与 Options Bias Index 相符时，你可以看到它的数值；这表明存在问题。
You can see its value when it matches the Options Bias Index; it shows that there are problems.
也许大崩盘不会发生，而 FEZ 或 XRT 的下跌将继续。
Perhaps the big crash will not happen and the decline will continue in FEZ or XRT.
这个频道对 $XRT 的历次判断
Steve Miller 在这只股票上共 3 条判断，这里只列相邻的几条。