IYR - can it leave the resistance behind?Very strong reactions after speculations that the FED could start tapering, but in the last weeks a possible reversal started. Now let's see whether 100MA and 200 MA could be left behind. Volatile markets ahead before a new direction will be found?by JederkannGlueck0
Real Estate: Brokedown PalaceHorizontal Support: 61, 59; then Harmonic ABCD 100% Projection at 57.75, along with 61.8% retracement to Oct 2011 Low. Fall 2011 52.50-57.50 congestion below, with H&S Top at 78.6% retracement of the Oct 2011 Low near the bottom at 52.75by andrewunknown1
IYR: Real Estate Breaks Down from Bear Flag, sees 64.50 nextOff its rejection at 2007's all-time highs at Andrews Pitchfork median line resistance near 75.50, IYR has broken down aggressively. After breaking below the lower APF reaction line, IYR declined to ~62.50, finding support at the APF's lower Hagopian line (dotted). The subsequent bounce has installed a rising channel/flag as a return move to the lower reaction line. The decline last week and this from that level, near 70, resulting in a downside break from the flag. The next support level of note comes in at confluence of trend line/Hagopian line support near 64.50.Shortby andrewunknown2