Interest rates continue to spike higher, sending rate-sensitive assets into decline, including real estate. US 10 Year Yield IYR - Intermediate Term Trade Model Sell on Close < $85.00 If IYR can close much below today's low, currently at 85.15, we want to own Jun puts. We are looking for a repeat of the Sell Signal that came just after the Minor Wave 4 high last August. IYR fell from over $100 in mid-August to $75 by mid-October, a 25% decline. A similar move now would put IYR into the mid $60's by Jun 16th expiration. Required is a renewal of downward momentum, i.e., a close below $85.00. IYR Sell Signal On A Close < $85.00 Option: Jun 16th $80P (2.00-2.15) Target: IYR <$70; Jun 16th $80P > 10.00 Stop: 50% Trailing Risk 1/2; Reward 5X TSLA Now that a minimum Fibonacci retracement has occurred, we are monitoring for "Buy Pending" Wave 3 to new all time highs over the next 12-24 months. Day-to-day from breakout patterns from current or lower levels.
