DRV a triple leveraged Real Estate ETF LONG
DRV as a ETF of real estate stocks is likely somewhat responsive to the financial environment.
My idea is that the recent rate hike of 0.25% will adversely effect home sales and liquidity
especially given that the Fed has indicated that there will be on easing this year but perhaps
some pauses. They take August off for the conference and party. The 2H chart shows
price moving down from a high pivot in May. The zero-lag EMAs ( 35/70/280) are
golden crossing. The MACD confirms that upward divergence.On the dual time frame
RSI, the low TF green line has jumped up and looks solid. I will take a long swing trade
here zooming into the 15-30 minute TF for an entry. I will also look at the options chain
seeking an option expiring in 203 months reflecting a target of 48 between the POC line
of the volume profile and the mean VWAP thick black line. I like to catch revesals early to
profit from the bulk of the move. This is another opportunity.
My idea is that the recent rate hike of 0.25% will adversely effect home sales and liquidity
especially given that the Fed has indicated that there will be on easing this year but perhaps
some pauses. They take August off for the conference and party. The 2H chart shows
price moving down from a high pivot in May. The zero-lag EMAs ( 35/70/280) are
golden crossing. The MACD confirms that upward divergence.On the dual time frame
RSI, the low TF green line has jumped up and looks solid. I will take a long swing trade
here zooming into the 15-30 minute TF for an entry. I will also look at the options chain
seeking an option expiring in 203 months reflecting a target of 48 between the POC line
of the volume profile and the mean VWAP thick black line. I like to catch revesals early to
profit from the bulk of the move. This is another opportunity.