Stocks like Macy's usually move with IWM or smallcaps.
As you've seen the last 2yrs smallcaps have underperformed the market and
So has Macy's.
Over the next few weeks I think Macy's will make a return trio to the top of its channel an close gap at 19.50
Macy's broke out of a falling wedge with massive volume this week.
My first target is 16.70 price action
Last target is trendline resistance.
I like Mid Jan exp if your going for the entire move