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dorfmanmaster
Apr 27, 2020 7:30 PM

Retail breaking out 

SPDR S&P Retail ETFArca

Description

On the news we could see some re-openings of the economy in certain states.

Retail is breaking out of a 2-week consolidation channel; after a double bottom April 3rd.

RSI @60, is in an uptrend. (Bull)

OBV is still consolidating (Bear)

We are testing the 50% fibonacci retracement line at $36.5 (closing price will be important)

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