XRT - Retail Sector = no bueno!

23 בפבר׳ 2014

As you may have guessed from my previous ideas I'm bearish the general market (although I did see some potential in a couple of my published ideas). However, with less than impressive economic data coming out both domestic and international I just can't see XRT getting above the current resistance around $83.00. In fact I can see a H&S form and a return to the first support at $78.00 and with a breakdown below.