Please note the position of the ETF symbol IYR (real estate sector) is relationship to its major Fibonacci retracement level. This seems like it would be an ideal medium-term peak.
![](https://slopeofhope.com/wp-content/uploads/2023/07/iyrre-640x575.png)
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Now that Covid is way back behind us, the cruise operators have enjoyed monster gains. My view is that Carnival (CCL) is done. I mean, good Lord, it’s even down today.
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