i believe that i already have IYR listed as an active short but it also looks like a very objective entry here today as the reits are making what could prove to be a very bearish move back below that key support line, which acted as resistance an amazing 6 times over the last year before prices were finally able to break out above that level about 3 weeks ago. this could prove to be just a fleeting dip back below that level but if not, IYR has all the makings of a nice bull-trap. looks like an objective short here with a stop on a close somewhat above that support, now once again resistance line. targets remain as marked. SRS is the 2x short etf while DRV is the 3x short reit etf. (i am personally short DRN to take advantage of the decay inherent with the leveraged etfs).
