SRS UPDATE

BY NOW MY OPINION OF RESIDENTIAL REAL ESTATE SHOULD BE CLEAR.

This is a daily chart of SRS, note how close price is to support. A trade here has relatively little risk and the larger pattern of the descending wedge is a bullish one with a target of at least $25.

 SRS 5 min positive divergence

 SRS 10 min positive divergence


SRS 15 min positive divergence.

It looks like the pullback is SRS is over and it has successfully tested support and held. In my opinion, this is a low risk, high probability trade here and now. The target isn't too shabby either. Take a look and take this long trade under consideration. Remember, this is a leveraged, inverse ETF so buying SRS gives you short exposure to the Real Estate market.