The SPDR S&P 500 Retail Sector ETF (XRT) met our $40.00 initial downside target today, which was first mentioned in our November 16th Keys To This Week report, to capture a 3.02 point, 7% decline in 2 months.
Here is the chart from our November 16th report.
Here is the current chart updated through 2:26 pm ET today (January 15th).
Our initial interest in XRT was its positive statistical correlation to the S&P 500 (SPX), which has declined by 195.00 points or 9.5% during the same 2-month period.