The nauseating strength the market has shown since October 13th is well expressed by an industry that is running headlong into disaster: real estate. The ETF for this, IYR, has been a persistent favorite of mine, and price action is now butting right up against important resistance.
Take note how, over the longer term, the price peaks have carved out a s…
Keep reading with a 7-day free trial
Subscribe to Slope of Hope Charts and Technical Analysis to keep reading this post and get 7 days of free access to the full post archives.