The chart looks to be breaking down into a third wave creating the potential for a precipitous decline in the next 90 days. This huge real estate ETF was down 78% during the financial crash of 2008. Trade set out below chart, risking 50% for a reward in excess of 5X over the course of the summer. IYR Intermediate Term IYR Sep 16th $100P (138 Days) Current Price: 5.25-5.45 Optional Stop @ 50% Price Targets by Sep 16th Expiration IYR = Below $75 $100P = Above $25 (+400%)
