The Monthly Consolidation on XRT is almost done and I suspect the next move down will be quite large. EMTY is an etf which is a 1x leverage against XRT. My view is EMTY can double from here.
Good luck!
I don't like the setup yet on EMTY - but there is a lot of fundamental evidence pointing to a rough 2023 for retail.
Container imports are plummeting - that is a sure-fire sign of falling retail demand:
www.descartes.com
AMEX:EMTY
