BC

The Homebuilders Are Done.

BC  
AMEX:XHB   SPDR SERIES TRUST SPDR HOMEBUILDERS ETF
14 0 0
The homebuilders are completing a terminal move for a cyclical Elliott Wave (EW) corrective projection with bearish volume , RSI , and MACD divergences appearing.

Cyclical EW and TD             supports are 22% and 55% lower.

This is occurring with the US real median house price now at the bubbly levels of 2006-07 versus US real wages and salaries. A similar decline as in 2007-11 for homebuilder stocks and US house prices is likely over the next 2-5 years.

Related Ideas

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out