This chart shows the EW Consumer Discretionary ETF (RSPD) with the ATR Stop & Reverse (ATR-SAR) indicator (red/green) and the price-relative in the indicator window (RSPD/RSP ratio). The ATR-SAR switches when there is a 4 x ATR(22) move in either direction. RSPD broke below the ATR-SAR and this signals and outsized decline. This reverses the bullish signal from early November, which is when RSPD surged above the ATR-SAR. The indicator window shows the RSPD:RSP ratio moving below its January low, which means the EW Consumer Discretionary ETF shows relative weakness. The combination of a bearish trend signal on the chart and breakdown in the price-relative is negative for the most economically sensitive sector.