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Short

EQR - Very Good Time To Go Short/Bearish

NYSE:EQR   EQUITY RESIDENTIAL
Elliot Impulse Bullish Wave 12345 just got completed. Earnings is scheduled for 4/24/18, so big events you need to worry about. Fib. Ret. price action just hit golden ration of 0.618, which high area for reversal time. I see at least a $5.00 bearish drop from $63 to $58 for next week or two. You could sell Bearish Put credit spreads and/or sell stock at this time. You get more leverage if you know how to use options in the right way. Good Luck!!

Nice two day Engulfing candlestick pattern on Thursday and Friday last week, at a resistance area too.

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