‘In Slow’ … ‘Out Fast’ (Dr. Elder)

The last update on ProLogis, PLD, proved to be (somewhat) incorrect.
There was no definitive assessment on direction, but from the sidebar, one could see an open short position in sector index IYR, as DRV-25-01.
That short was closed nearly immediately at the next session as PLD, ratcheted higher along with IYR.
Since we’re at ‘-04’, increment on DRV, there have been four attempts to position short with DRV-25-04, currently open (not advice, not a recommendation).
Gain/loss (all positions) is near break-even, at -0.38%
All of which brings us to ProLogis … again.
ProLogis, PLD, Daily
There’s a lot going on in this chart.

The last earnings release for PLD, resulted in a wide bar on heavy volume.
Nearly instantly, and from a Wyckoff standpoint, we should know what that means … or what is probable:
The wide bar, volume, are likely to be ‘tested’ (not advice, not a recommendation).
Next update, we’ll discuss the Up-Thrust (reversal) condition for PLD.
Stay Tuned
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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.
The Danger Point®, trade mark: No. 6,505,279













