A second bearish up-thrust has appeared on 13 Mar 2017 on huge volume after the previous up-thrust on 6th Feb 2017.
The selling climax on 30th Jan 2017 has been followed by a clear bearish up-thrust on 6th Feb 2017 with similarly high volume. As a result, the current bullish trend won't last much longer.
What is this chart? This is the Real-Estate Investment Trust (REIT) $MSCI it is the underlying asset for the 3xLeveraged Short Real-Estate ETF $DRV. Why is it important? Because if you buy $DRV during a housing market crash you can make some pretty insane returns, and if you look at the Elliott Wave count (unconfirmed) you will see that $MSCI has possibly just...
MSCI has been a good preforming stock over the last few months. It broke the 2010 high ($40.79) in late 2013 but retested this zone three times before beginning its latest trend up. It was not until the break of the 2014 high (in early 2015) that it became of interest - which coincided with a break above the $50 half figure. The March pullback (to the 50sma) was...
and $60 looks like a macro target out of flag