If you happen to be long URE or DRN, you do not want to see IYR take out round # support at 42.99 on a closing basis tomorrow.
If you are short via SRS or DRV, you better light a candle for 42.99 or that friggin market maker will rip your face off tomorrow.
Accept no imitations.
ggp has great properties.
tel ya what if the futures come back in much under 102.50 this market will highly likely fall big time tomorrow.
none the less i just went long the mini's 1108.50
CAUSE it should go up again nicely to do a 5th wave. i'll sell at the new high if it shows though cause 5th waves are a suckers bet in this market now. btw my stop is 1107.25 FIRM.
Foxwood news is the only thing I can think of. 5 minute charts look like gap action. SPG went below gap support; probably because they are looking into buying part or all of GGP. VNO stopped at gap support while PSA filled the gap. Will be watching tomorrow to see whether the Trump settlement refuels the rocket or not.
Gap, E Wave is like fishing a piece of chicken out of a dumpster. You really don't know what you're getting but one this for sure is that it's going to need to be cleaned up.
Even Prechter can't get E Wave right. Why would anyone else waste their time.
E Wave is the poster child for bad T/A Voodoo.
no they ALL FInished 5h waves TODAY is all.
they are all false flag break out bull trappers.
ain't nothing but a megaphone weeeeeeeeeee i love it when the charts finally come together with the picture OF TRUTH.
IYR CHECKS the 32.60 inside that 60 min meg if that fails fast trip to check the lower trend line big chart meg.
meg inside of meg that means we have to matching patterns with vanilla ice space.
i y r is another one of those bull trap charts that did abcd. NOW we get to c how deep what the first one down shall be by next week should be deep but since that meg bottom is down there in the 39's WHAT A bear of the reats want is for minute 1 to go straight there and a tad under maybe to 38 true support. BECAUSE then the trend would likely be back to down where it belongs for long time.
regardless what market does.
market rocking nice back north today and reits kept selling there was volume near high yesterday then volume again today on close.
me thinks them bigs with all those washed out puts under neath set for dec READY TO force that specialist to trade instead of game.
9.00 then 9.14.
That would put SRS nicely above the 20MA on its 60min. Then the 20MA becomes support for who knows how long.
Unless there is a complete meltdown in the CRE area, I don't see how SRS can get back to $10.