XLY enters week 1 of a sell signal: indecision, but distribution is underway

XLY enters week 1 of a new sell signal, with the setup quality indicator (IQS) at 77 out of 100 in tension. This week's decline was minimal — an indecisive bar — but CMF in distribution and a bearish MACD crossover describe a setup that has not resolved to the upside. The model flags elevated-risk conditions, with the fund trading more than 14% above the 200-week moving average, and the confirmation week is still open.