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Chris elaborates: For those inclined to score on defense, if the channel and falling-wedge supports break, the SRS UltraShort Real Estate ETF will most likely fair pretty well.
The support break followed and since then the ETF suggested, SRS, has increased over 8% in 6 business days.
Is the opportunity over? XHB now finds itself on support dating back to a bullish inverse head and shoulders pattern.
For those who are inclined to score on defense, if this support line breaks, do the same as 6 days ago and buy SRS.
Those who have gains might consider a 3% stop on current positions.
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