Give Me A Double?

Well, it’s not a bad day so far. The bucking bronco called XLU is trying to throw me off, but I’m hanging on. I wanted to do a quick post about the almost always interesting real estate fund symbol IYR. It has reached a level not witnessed by many other financial instruments, which is to match the Rolo Low of October 13th of last year.

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The question being……….is that enough? IYR is an extraordinary Fibonacci-friendly creature, and it is now at a double-line. If it manages to break this (note: I have no position), God help the holders………

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