InvestingScope
Singkat

XLRE: Sell opportunity on recurring pattern.

AMEX:XLRE   SELECT SECTOR SPDR TRUST REAL ESTATE SELECT SECTOR SPDR FD
The Real Estate Select Sector SPDR ( XLRE ) reached a new All Time High today extending the aggressive bullish run since the start of the year. The candle pattern is very similar to the February - August 2016 when it made a peak after a +28.60% rise and declined below the MA200 with a first stop at -9%. The current price action appears to be following this pattern and is close to completing both the +28.60% rise parameter and the 175 day duration parameter. We are taking a short aiming at repeating the -9% initial decline (34.50) towards the MA200.





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