as far as the IYR short (or DRN/URE short/DRV-SRS long), i still believe this trade has a lot of potential but as i’ve been stating from the beginning, we need to see SPG break below the yellow sub-channel uptrend line. i still think the odds highly favor a breakdown in the very near-term and although i remain in the initial position (DRN short), a confirmed entry for the trade, whether it be an SPG short or you prefer to use one of the REIT etf’s (IYR, URE, SRS, DRV, DRN), a confirmed sell signal on both SPG and the REIT sector will be a breakdown of that sub-channel uptrend line.
