I need your opinion ! please comment thanks !
GAB is correlated at 0.80 % to consumer discretionary, if you check the chart you will understand why GAB has been holding the 6.58-7.05 range ( bouncing back and forth the Bollinger band area) and making some hidden RSI divergence to do so. As long as XLY does not roll over on that phenomenal rally GAB will not move, since i think it is safe to consider that XLY will not double the range again the next year and GAB has been just so weak since may i think you can have a try as soon as it eventually does, but i dont like the short really, as long as it does not break the range (under 6.38) it's just wasting good capital allocation), but long term this still looks bullish. refer to chart.