AMEX:XLY   CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND
14 3 1
Weekly chart of XLY             since 2009 bottom. Looks to be forming possible H&S top with RSI bearishly diverging. May not confirm H&S , but not one to be long, IMO.

Also, note numerous high volume DOWN days with very few high volume UP days. (See box in lower right hand corner)
What???

Yellen said Consumer spending is picking up sharply. Please send her this chart. lol

Seriously though, an excellent chart and one Yellen and her team should indeed take a look in case they don't have that skill set among them. I fully agree with your chart and comments. It is in line with broader market which I think has already topped in 2015.

One to watch for sure and thanks for sharing.
Reply
Dan,
Thx! Charts definitely looking bearish as I see it. Like your Generational Top analysis...very interesting!
Reply
DanV MOD jmboyer1
Absolutely 100%
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