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XRT Double Bottom

Are investors getting over the fear of Amazon dominating the retail space?  I've been watching this retail ETF since the low, hoping for a double bottom and we're nearing the breakout point.  Set your alert.  Target is shown, if not more; up to the fibonacci line shown.   Of course bearish investors will be shorting up here; hoping to form a double top.  It can go either way.  Watch for bigger volume on a breakout.  If it fails, you know where the lower (bearish) target will be.  Enjoy!

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Comments

  • Admin

    Well that didn't work.  What a mess

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