The popular real estate fund IYR spent the past two months blasting higher, but it seems to have pooped out this week just beneath its Fibonacci retracement as of Wednesday.
The popular real estate fund IYRspent the past two months blasting higher, but it seems to have pooped out this week just beneath its Fibonacci retracement as of Wednesday.
As explosive as the market has felt lately, the cold fact of the matter is that IYR has spent years hammering out nothing more than a series of lower highs.
I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
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