the SRS long (IYR/DRN short) trade still looks constructive at this point, especially considering that the SPX made a new high today. SRS remains in an uptrend since breaking out as illustrated by this orange line that i added to the chart here. for those in the trade that prefer tight stops, you might consider walking your stops up a little below that line. otherwise, a stop at entry (the falling wedge breakout) might be appropriate.
