IYR trade ideas
Hit 113% extension of ABthen pulled back, testing support w/ RSI and MACD trending lower, reverse over 82, trouble under 79.60
IYR - Inverted H&S potential.Daily - Stretch (UCS - Momentum Oscillator).
This pattern confirmation can push this atleast to the Symmetry Target / Projected Target.
Active Position Management required for this play.
79.80 -79.60 for a low risk manageable entry.79.20 - 79.00 for Hard Stop.
IYR - Another place to buy pullbacks - Until the trend ReversesForeign Money flowing into Real Estate is not an uncommon behavior. Watch out - Trend is your friend...
Many short term opportunities, yet to come. Long term - Not interested now....
If you own real estates - Get out before this investments withdraw funds.... Good luck.
IYR - can it leave the resistance behind?Very strong reactions after speculations that the FED could start tapering, but in the last weeks a possible reversal started. Now let's see whether 100MA and 200 MA could be left behind. Volatile markets ahead before a new direction will be found?
Real Estate: Brokedown PalaceHorizontal Support: 61, 59; then Harmonic ABCD 100% Projection at 57.75, along with 61.8% retracement to Oct 2011 Low. Fall 2011 52.50-57.50 congestion below, with H&S Top at 78.6% retracement of the Oct 2011 Low near the bottom at 52.75
IYR: Real Estate Breaks Down from Bear Flag, sees 64.50 nextOff its rejection at 2007's all-time highs at Andrews Pitchfork median line resistance near 75.50, IYR has broken down aggressively. After breaking below the lower APF reaction line, IYR declined to ~62.50, finding support at the APF's lower Hagopian line (dotted). The subsequent bounce has installed a rising channel/flag as a return move to the lower reaction line. The decline last week and this from that level, near 70, resulting in a downside break from the flag. The next support level of note comes in at confluence of trend line/Hagopian line support near 64.50.
