The future of Retail Short

ProShares Decline of the Retail Store ETFArca

Description

⋅ Aug 22, 2023 5:13 PM

The Monthly Consolidation on XRT is almost done and I suspect the next move down will be quite large. EMTY is an etf which is a 1x leverage against XRT. My view is EMTY can double from here.

Good luck!

Comments

TORNADOF5

⋅ Aug 22, 2023 5:20 PM

hello , any idea about this think 50sma on 200 sma crazy strong stock it seems big p/e

the_sunship

⋅ Aug 22, 2023 5:24 PM

@TORNADOF5, looks fine for more upside, probably ATH

TORNADOF5

⋅ Aug 22, 2023 5:27 PM

@the_sunship, was sure all tech crash LoL seems like not all
thanks

the_sunship

⋅ Aug 22, 2023 5:44 PM

@TORNADOF5, if the channel breaks, it's done

TORNADOF5

⋅ Aug 22, 2023 5:48 PM

@the_sunship, yes 50 sma cut 200 sma down so that could be bearish ? idk

the_sunship

⋅ Aug 22, 2023 7:08 PM

@TORNADOF5 usually not a great sign for bulls