$XRT- Retail Saw Selling Pressure into first week Nov Last Year

14 ott 2018

Well, if last year is our blue print retail likely weak into November. My charting suggests we crossed bearish on the intermediate time frame last week. It is barely holding the short term up trend. This looks like a topping formation to me with the 45.50 2018 open back in the cards. There is little doubt retail is holding up better than Transports. Retail is likely buy-able early November but for now hands off.