State Street Consumer Discretio
Investment Thesis
XLY suffered a sharp sell-off to $108.76 on July 23 and has since reclaimed both its 50-day and 200-day SMAs with expanding volume, setting up a mean-reversion long toward the 52-week high — provided the SMA cluster at $116–117 holds as support on any near-term pullback.
Why It May Work
Why It May Not Work
Timeline
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