Finally? SRS Trade

I can't believe that SRS hasn't flown already, this is a leveraged inverse short on real estate. The recent revelation from th Association of realtors that they "Miscalculated" the inventory for sale on the market by 20! seems to be the catalyst, meaning we now have to re-value everything real estate to count for 20% more overhead inventory to work through. An honest mistake I'm sure and not one they fessed up to until a private firm uncovered it.

So is it finally SRS's turn? I hope so.

 Here's the bullish descending wedge that has been getting tighter and the breakout on volume in white. Normally these wedges have been going lateral for a few months building a base, but if the market is truly changing character, then it may forgo that stage. In either case, allow some room on your stop for a false breakdown or a pullback. Actually a pullback would be great to buy into so long as the technicals hold up which I think they will.

 The hourly chart looks super bullish

 The 30 min chart is doing what we want it to, confirming!

 And the 15 minute, plus TSV in the middle window look strong as does the volume out of the wedge.

Finally ADX has turned down from +40 which typically signals the end of the trend (trend down). So SRS is finally showing promise and it's about time. If you want to diversify your portfolio a bit, shorts on real estate may be the way. The news for the bank hasn't been good lately and this may be the time to strike. Remember the dangers of ETFs, but there are plusses as well. If you have questions, email me.