On a short term basis $SRS is being wedged and will be forced to move one way or another soon. The long term charts are interesting. The SRS chart looks wacked out because of it's 200% inverse relationship but you can see some potential technical set ups. IYR/SRS could be setting up normal and inverted head and shoulders patterns across multiple time frames. For now IYR needs strong green volume above 30.81. It's time for the market to make a decision on real estate.
SRS Daily Two Months (Wedge, inverted head and shoulders?)
IYR Weekly 1 Year (inverted head and shoulders?)
IYR Daily Six Months (inverted head and shoulders?)
IYR One Minute (July 2, 2009), Needs a cont
IYR Weekly 3 Year (inverted head and shoulders?)
Information:
ProShares UltraShort Real Estate (SRS): ProShares UltraShort Real Estate seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Real Estate IndexSM http://www.proshares.com/funds/srs.html.
iShares Dow Jones U.S. Real Estate (IYR): The iShares Dow Jones U.S. Real Estate Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, to the performance of the real estate sector of the U.S. equity market, as represented by the Dow Jones U.S. Real Estate Index http://us.ishares.com/product_info/fund/overview/IYR.htm
