Online Retail

COVID-19 resulted in Online Retail ETFs reaching new all-time highs on a relative & absolute basis.

Online Retail/SPY has been known to move similarly to CD/CS.

We've seen CD/CS break diagonal resistance, but remains below its June 2018 ATH.

EW CD/ EW CS is still heavily lagging and well below its June 2018 high
IBUYRCDRHSSPDR S&P 500 ETF (SPY) Trend AnalysisXLPXLY

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