DRV Trend-Line

DRV is the 3X inverse tracking fund for real estate, IYR.

Price action is now breaking higher (IYR, lower).

The 2-Hour chart of DRV (above) shows the trend.

There’s always a chance price action at the trading range lows in IYR, is a potential reversal to the upside.

With the overall markets at new highs, and IYR dead-in-the-water, probabilities favor downside action (DRV higher).

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.
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