J537 - The index that tracks the general retails on our market is busy respecting and reversing off this downtrend and channel resistance which has been in place since the index topped in March 2018. Of course the election outcome could be a catalyst for a further reversal or break, but nevertheless, an important level to monitor in this chart to determine the future direction of our retail stocks.
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Trade idea working well and we saw the retailers reverse smack bang at the resistance level.