IYR is currently at the top of what appears to be a text-book right-angled and ascending broadening formation. IYR is the tracking etf for the commercial reit sector so one could also substitute an SRS (2x) or DRV(3x) long as well as a URE(2x) or DRN(3x) short (DRN is my preferred and current) short. since we are at the top of the pattern, an objective stop would be not too far overhead, maybe 3% or so on IYR (and adjusting for the leverage on the other etf’s). targets marked below.