Real Estate Busted Trendline

The long-term trendline is already broken, and we’ve got a nice little breakdown taking place on a short-term basis as well.

I’m noticing a terribly interesting breakdown happening place in real estate, encapsulated nicely with the sector fund shown below. Take note of how the long-term trendline is already broken, and as I’ve shown in the inset, we’ve got a nice little breakdown taking place on a short-term basis as well.

0712-iyr

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