Retail Sector ETF : Heads & Shoulder ??

in #retail8 years ago

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The Retail Sector (XRT ETF) seems to be forming a Heads & Shoulder Pattern on a 5year chart. Needs to see if the pattern completes and price follows lower. There seems to be a lot more pain coming for the Retail sector. We have already seen many shopping malls closing and many retailers filing for chapter 11.