Now that the real estate fund symbol IYR has pierced its Fibonacci, I would suggest that, for months to come, it will be bound, once again, by the range between the Fibs of approximately $80 to $87.
![](https://slopeofhope.com/wp-content/uploads/2024/02/IYRIYR-640x320.png)
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I’ve written about the genetic testing company 23 and Me (symbol ME) on occasion. As I’ve stated in the past, when the company first appeared, I actually signed up for a test, since I stupidly thought they would provide all kinds of helpful information about, for instance, the likelihood of me getting various kinds of cancer.
Instead, the company was so scared of providing anything actionable, they stuck to really stupid stuff like – – and I’m not making this up – – how hard your earwax probably is. I’m not surprised this company is down about 98%, and I imagine they’ll declare bankruptcy within a year’s time.
This is NOT an invitation to talk politics, since Slope is focused on financial markets. The election this year is germane, we can all agree, to the markets, so I offer this video simply because, by any objective standard, this is an historic day for the Supreme Court, and we have the opportunity to listen in as it happens.