Give the consumer discretionary space credit as over the last 3 month period it is battling it out with utilities for the best performing major S&P sector of 11 up 16% (on a YTD basis it is still in the cellar just the ninth best group). During the last 3 months of outperformance automobiles have been the driving force, pun intended. RIVN and TSLA are higher by 46 and 36% respectively, but other lesser followed names like HOG is up more than 30%. Even GM which has traded between the 30-40 numbers and looking to solidify itself above the latter round figure is up 20%. Top holdings in the group like AMZN have filled in gaps and are at areas that need to hold. Top 10 component SBUX surged above the very round 90 number, which makes it likely to travel to par and possibly beyond into year-end. The XLY paints a pretty simple picture with the symmetrical triangle starting to coil. Whichever direction it breaks in should determine its force for the last quarter of 2022. Patience is a virtue.