Higher end consumption has officially broken downThe charts of Lululemon, Louis Vuitton, Restoration Hardware & Target are showing significant signs of weakness as all of them have broken important 3M closing support lows. Regardless of what you hear, these charts show that the high end consumer has been slowing consumption for quite some time and with the June 30, 2025 quarter close all of them have broken below key 3M support zones.
Could we see a break down failure this quarter in which these charts reverse directions and go UP? Only time will tell but if they don't watch out below as the next areas of major support for some of these charts are much lower.
Although all of these are very strong companies with strong balance sheets, I will not go long these charts until I see confirmation of a breakdown failure and a 3M closing above the key support areas.
