The Real estate ETF (IYR) chart doesn’t need much annotation, this is a textbook 5 wave move.
We are already short Homebuilders. Is the headline below, the rumor IYR heard this morning, and the reason both IYR & XHB are so weak?
With the question asked, the answer (to why) does not matter to us. The market tells us what to do, and now it is telling us to SELL!
We started new shorts in AVB, EQR, PCL, PLD & SPG

IYR – Daily

IYR – Weekly

IYR – Weekly Long-Term

IYR – Monthly
Disclaimer: This communication should not be construed as an offer to sell or the solicitation of an offer to buy any security. (Click here for full disclaimer)