REIT's & Real Estate Breaking Dec 24th Uptrend
REIT's are looking like the first sector to definitively break the big uptrend since December 24th.
Big move here breaking out of 2 month wedge to the downside.
All momentum indicators are also pointing downward (macd, stochastic) and we've had demark exhaustion signals as well. Easy short entry here.
Big move here breaking out of 2 month wedge to the downside.
All momentum indicators are also pointing downward (macd, stochastic) and we've had demark exhaustion signals as well. Easy short entry here.
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Longer term chart visible here:
