Closed On Sale of House Today June 20 2019 For The Record
Real Estate IYR 3 HR at Critical Junc: 34 vs 500 Hull
Could reject and if does that would be peak in housing
AMEX:IYR Ascending Triangle Breakout & Resistance line tested as support w Consolidated candles forming a buy pinbar BUY at 88, SL at 82 Also supported fundamentally by falling interest rates (10Y treasury)
lower low, watching for development of lower high below 88.23 $VNQ $SPY $XRE
$IYR $DRN $DRV Posted a year ago: as my target Real estate scares me right now (mostly because I own physical property). This looks bearish with that overhead bear divergence.
Real Estate is dead until it bottoms in Summer of 2021
TELL to SELL OUT IS NOW in IYR 5 wave up or a minor one more but odds are now at 96 % of I T top in this index would look fro a drop at min .382 into mid march panic
Inflation becomes a tailwind for RE + Interest rates don't go much higher
Although this trade isn't quite ripe for me yet (I'm waiting for all time highs (circled), I thought I'd stick it out there in order to price the setup out, at least preliminarily. Naturally, the strike prices and/or expiries will have to be adjusted should a short opportunity come to pass ... . As with my TLT calendar (See Post Below), this trade operates on...
Nice range for like 4 years.. trade it. If it was going to break out of it in either direction it would have done so by now.
that would be to assume all the rate hikes did not affect the market. puts $XHB
-- higher lows, and resistance remains @79.20, if the triangle is valid, then short IYR. -- not a reverse -- keep going down after break downwards the triangle set stop @ 79.3
IYR Weekly Chart: Showing Divergence since March 2009 among stock price and Average Directional Index. Floor of MACD repeatedly established, previously broken. Bear Wedge Forming along trend lines. For Educational Purposes Only