ITB Homebuilders, weekly chart has more room to run

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iShares U.S. Home Construction ETF (AMEX:ITB)

AMEX:ITB iShares U.S. Home Construction ETF

trendanalysis chartpattern indicator inverseheadandshoulders len itb kbh qqq spy

ITB Homebuilders 3x ETF, weekly chart has more room to run. Daily chart is ready for break out. Inverse H and S . LEN , KBH and DHI all had great earnings reports recently. Above $46.35 would be all time highs. The FED should be cutting rates again with the Oct 4th economic data, so more bullishness for homebuilders. Good luck!