State Street Consumer Discretio
Investment Thesis
XLY has snapped back +6.8% from its July 23 selloff low to test the SMA50/SMA200 resistance cluster ($116–$117) under an active death cross — a textbook failed-rally setup in a bearish RSI regime. The XLY/SPY ratio has underperformed by -10.27% over the past year and remains below both its 50- and 200-day averages, confirming secular sector weakness.
Why It May Work
Why It May Not Work
Timeline
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