Homebuilders Rejected Again

$XHB

A follow-up to last months note -

https://732charts.substack.com/p/homebuilders-stall-out

The homebuilders ETFXHB 0.00%↑ is off almost 4% this morning. Below $85 and this chart remains guilty until proven innocent to me. I remain fundamentally concerned about the housing market, and it’s always constructive to see price affirming sentiment.