View: slopechart_XLRE.jpg


Have a real estate ETF. 

Felt compelled to drill down into sectors and the top 25 S and P stocks to look for clues. Picked this for social arbitrarily by way of example. 

Lots of stuff has fallen through whatever initial channel/trendline you might have drawn to try and navigate this market. 

This is what past crashes looked like had you tried to chart them in real time. 

The only caveat I can offer is that depending on your interpretation this is the 3-4 time since the ATHs that this has happened, of interest might be the relative severity of the break. 

Also interesting to me that I was observing very similar circumstances chart wise in crypto land over the last months and that didn't end well. 

Happy Tuesday!

Image added via SlopeCharts


No comments yet.