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Sunday, July 29, 2012

SRS UltraShort Real Estate Weekly Chart Falling Wedge Positive Divergence

SRS, a 2x inverse ETF that moves opposite to the real estate sector trails lower into the black falling wedge.  The green lines show the positive divergence now in place that should bounce price.  Keystone opened a long postion in SRS on Friday. An entry anywhere from 24.70 to the current 25.33 level appears attractive. Projection is for a bounce in SRS at anytime, likely in conjunction with weaker housing sector news. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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