XLY Consumer Discretionary Select Sector SPDR Fund

while gas has spiked, oil prices ripped etc - the Consumer Ratio has been trying to reject new lows LONG LIVE THE AMERICAN CONSUMER ...at least until the mid terms $XLY $SPY

Consumer discretionary has been hit hard by elevated oil and elevated rates. Price near support areas and breadth hitting peak weakness here. Same as prior lows. Earnings growth for space is 7% or top half of sectors. $XLY $SPY

When I'm looking for areas that could bounce, I start with what's stretched. $XLY is now 7% below its 200-day. Over the last two years, that level has lined up with real turns in consumer discretionary. April 2025, early 2026, and again this summer. It's on my list.

$XLY found buyers at the 108.29–101.53 zone. Longs booked partial profits, while the remaining position is running risk‑free. Trade the Blue box. High frequency areas. #trading #Elliottwave

$XLY OptionsFLO flow and daily chart read. The alert snapshot shows $3.1M in the Jan 15 $115 puts. Volume was 1.7x standing open interest at capture. Daily chart through Sep 14: last close $112.85, below its 20 and 50 day averages, with RSI at 41. The 3 month range is $108.29 to $120.44. Intraday volume does not establish whether a position was opened or held; the next settled open interest is the check.