SPG is to the REIT sector what AAPL is to the NDX (the Big Dog).  although many think that shorting into such a strong uptrend is foolish, i just don’t think that the risk/return profile on a trade gets much better than this.  as the SPG daily chart below illustrates, you would have gone 9 for 9 by shorting SPG on overbought (70+) readings of the RSI-14, with only a few very small, very brief underwater periods on the trade.  orange lines on chart show overbought readings and the yellow arrows show the subsequent trough lows.  an added kicker to shorting SPG here is not only the fact that the RSI is rolling down off unusually highs peak readings, but more so that SPG is at the top of it’s key rising channel as well.  keep in mind nothing is 100% nor do past patterns continue to repeat indefinitely.  i often like to use SRS (2x short REIT etf) as a proxy for shorting SPG since SPG is the largest component of the sector.  IYR is the 1x long sector etf and DRV is the 3x short etf, although be aware that the leveraged etf’s tracking this sector are probably among the worst out there for time/tracking decay.  both are best used for shorter-term swing trades and/or day-trades.  here’s the 60 min chart of SRS with targets.  one might wait for a confirmed break of the uptrend line for an entry signal.