I wrote a blog post back on April 28th about how the Retailers ETF/Index have led the market really since the bottoming last summer. Here are the charts from that blog post:
Here is the current daily chart … note the possible ending diagonal.
Relative strength versus the SPY shows that the Retailers are possible entering a weaker period coming up here.
I will post some charts of some of the weaker Retailers later today.
Cheers … Leaf_West