The popular real estate fund IYR spent the past two months blasting higher, but it seems to have pooped out this week just beneath its Fibonacci retracement as of Wednesday.
![](https://slopeofhope.com/wp-content/uploads/2023/12/slopechart_IYR-2-640x343.jpg)
As explosive as the market has felt lately, the cold fact of the matter is that IYR has spent years hammering out nothing more than a series of lower highs.
![](https://slopeofhope.com/wp-content/uploads/2023/12/IYRLOWER-640x397.png)