If you believe, as I do, that real estate is going to be in trouble, I have three ETFs to suggest as long term (let me put that in caps……LONG TERM) bearish positions. This is not a 0DTE trade. This is something which I think will be good for months to come.
The first, XHB, is mashed up against the top of an extremely long-term price channel. Let’s just say it’s got plenty more open air beneath it than it does room to roam above it.
Similarly, ITB has this long-term channel setup. In my experience, however, I have found the XHB options to be better trading vehicles.
The third is IYR, which is very Fibonacci-friendly (a rarity among charts). We have exploded over many months to a major resistance level. Of the three ETFs, this is probably the one trade which could be considered as multi-week as opposed to multi-month.
Even over the course of years, these tend to track each other, but they each have their own distinct advantages and disadvantages.
