Users: sandunes: slopechart_XLRE.jpg
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!
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