RTH Retail Weekly Chart Negative Divergence

The retail sector is finally rolling over.  Retail is truly a remarkable story this year, a thorn in Keystone's side.  Waiting for the great American consumer to roll over is like waiting for Godot.  The red lines show the overbot conditions, rising wedge and negative divergence that created the late April smack down. That was fun but the retail stocks recovered as money continues to try and find places to hide and figured why not a continuation of the retail trend?  The blue lines now show a matching high and higher print in price over the last week, with sick indicators, negatively diverged, and wanting to see a spank down. Keystone took a quickie short trade off the top yesterday. Price can play around a bit more up here but retail is rolling over now; when price drops under the 20-week MA that will be the point of no return. Stick a fork in RTH, it's cooked.  This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.