Well, it’s not a bad day so far. The bucking bronco called XLU is trying to throw me off, but I’m hanging on. I wanted to do a quick post about the almost-always-interesting real estate fund symbol IYR. It has reached a level not witnessed by many other financial instruments, which is to match the Rolo Low of October 13th of last year.
The question being……….is that enough? IYR is an extraordinary Fibonacci-friendly creature, and it is now at a double-line. If it manages to break this (note: I have no position), God help the holders………
