Realestatesector
Realty Income Real Estate worth 204 Monthly SMA or $38.00 ~ -40%Willie Break real estate, by Betty Will.
Maybe I'm wrong on real estate? Thought we are at Major PeakMaybe I'm wrong on real estate? Thought we are at Major Peak
XLRE: Sell opportunity on recurring pattern.The Real Estate Select Sector SPDR (XLRE) reached a new All Time High today extending the aggressive bullish run since the start of the year. The candle pattern is very similar to the February - August 2016 when it made a peak after a +28.60% rise and declined below the MA200 with a first stop at -9%. The current price action appears to be following this pattern and is close to completing both the +28.60% rise parameter and the 175 day duration parameter. We are taking a short aiming at repeating the -9% initial decline (34.50) towards the MA200.
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