Blow-Off Top

Showing signs of a blow-off top, IYR has reversed back below resistance. It may come up to test before heading dramatically lower.

The close of this session will be important.

Above resistance and IYR has a new lease on life. Below resistance and it’s likely we’ve seen the last of these levels for a very long time.

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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