Buy signal at week 4: range holds firm, discipline says wait

At week 4 of the buy signal, the Consumer Staples Select Sector SPDR ETF is showing signs of strain: signal strength has dropped to 29 out of 100, the confirmation week closed bearish, and the trade is slightly underwater since inception. The US consumer staples sector is in a phase of weakness, and a cluster of resistances just above keeps turning back every advance attempt. Stop is at breakeven — risk is zeroed, but discipline does not call for adding exposure here.