IN ITS FLUCTUATING MARKET STRUCTURE, $REI CONSOLIDATES
After being rejected at this year's high, REI has chosen to follow a ranging pattern inside the specified price range displayed in the chart. This suggests that when the current range market structure ends, there may be a chance for a breakout or crash. The market atmosphere is still quite strong, so even though prices may undergo another drop, the chance of a breakout seems to be higher.
Stay wise, trade cautiously.