The Dow Jones Equity REIT Trust is near important support at 2,288.51. A break below this level could open the door to a move back to its October 2023 bottom.
Weekly RSI is below 50% which is bearish.
Recently Weekly Stochastic had a bearish lines cross.
DJ:REIT Looking like it's forming a head and shoulders. With the added interest rates hike shocks, it's only a matter of time until REITs get hit, most importantly commercial real estate. The chart does not paint a pretty picture, but considering the way this market has been behaving, I wouldn't be surprised if we see some crazy shit happen, before reality...
Just like in the lead up to the 2008 the REITs have been going up with no sign of slowingh down whilst inside of an Ascending Broadenign Wedge/Channel and has on it's 4th attempt gone above the Supply Line Breifly only to very quickly come back down again and now it's cracked below botht the 21 and 55 Month EMAs; The last time it's done marked the beginning of an...
i think this ones pretty simple. we can get whatever kind of home price report feasible, and the result is technical daily continuation to the downside. this can go one of two ways; bad, and worse.
Hello friends. The housing market hasn't crashed *yet*, but it's about to! It's interesting to see that we had a bubble pop in Crypto, NFTS, Growth Stocks, Tech Stocks, and many other asset classes within the past couple years. The main theory is that all the new money created by the FED has allowed for prices to rise dramatically which leads to speculation which...
US real estate is dramatically overvalued and formed a bubble due to supply constraints. Now that the bubble is popping, the prices can tank down like a rock. I will buy some puts if we can see this pullback play out. Otherwise I will wait patiently for another chance. I'm not long here, just a wolf waiting to feast.
Update to my earlier idea on the real estate market cycle.
In Short, real estate has 2-5 years remaining and won't likely peak out until consumer household debt surpasses $20T. Currently at $14T.
liquidity happens to line up with the 382 fib and 618 fib (shown as boxes on screen). Clear 5 wave structure and weekly candle close was bearish engulfing
The real estate market is nearing the top of a huge ascending wedge. Bearish divergence is also apparent in the RSI of this monthly chart. We should be looking at a correction before the end of the year. Could be significant.
Bursa REIT Index - Recover from bottom & worst may already over
Shortlist REIT counters
1) IGBREIT
2) Sentral
3) UOAREIT
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The "Real Estate Market Cycle" is made up of four distinct phases.
Recovery
Expansion
Hyper Supply
Recession
There isn't an exact length of period of time each phase must last, but taken as a whole, the entire cycle averages 17 to 18 years from peak to peak.
Looking at the previous cycle (1989-2007) we can use Fibonacci and geometry to see where we currently...
If you take a look at the behaviour of the REI index before, during, and after the 2008 recession and present day. The REIT is in blue, the S&P500 is in red.
Before
REI index is outpacing the S&P500
During
REI index is converging with the S&P500
the indices both fell together with the REI falling more aggressively
After
REI index...
