Signal Day Possible……………with XLY ETF technical update

The stock backoff anticipation phase continues to get closer to the technical sell signal phase. 

As to gold, grudging support will be uncovered all the way down to 1550, then the flood gates will open for the whoosh down to the 1200 area later this summer.

Update at 10:45 AM  CDT:   The consumer discretionary ETF had an inside day on Friday, (high and low for the day inside the prior day) and gapped lower below important support line at 44.42.

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