Fake Out or Breakout? Decoding Retail Stocks' Next Steps Amid Market Challenges

While the ETF recently looked poised for a breakout and a weekly close over $80, the disappointing news is that it has yet to happen.

These are 3 ‘inside sectors” of the market and the US economy. And a very good “tell” on just how effective the market feels new policies will be.WMTWill Granny test the low of the range, or make another valiant attempt to clear above the persistent price range?The Daily chart shows one close over the key $80 area without a second or even another day confirmation.

The weekly chart is even more important. Should XRT get a new high weekly close over 79.16, that would be better confirmation of a further rally likely.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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