Popular Real Estate ETF has been following markets lower as interest rates have risen negatively affecting yields.
Popular Real Estate ETF (IYR) has been following markets lower as interest rates have risen negatively affecting yields.
That said the weekly chart below is calling for a bottom as the LO is beginning to register a "close short position" indicator. But again, it’s only Monday and this call may be premature as the week rolls on. If you have a short position and/or looking for a bottom to purchase long this indicator bears watching.
Chart no longer available from the original source.
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