IYR is the 1x (non-leveraged) etf for the REIT sector. i will often use the 1x long etf for charting purposes when trading their leveraged counter-parts, whether long or short, 2x or 3x. as mentioned before, i think SRS (or DRV, DRN) is one of the best looking etf set-ups right now. just remember that the more leverage and tracking etf has (1x vs. 2x or 3x), the worse the decay if held over a longer period of time. here’s the 60 min chart of IYR, which can be used to confirm entries and exits on the leveraged etf’s, if that is your preferred trading vehicle, as sometimes the tracking error of the leveraged etf’s can give false signals such as premature trendline or pattern breaks.
