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(SRS: 31.34 +1.59%)

Positive volume pattern showing accumulation – higher on up days, lower on down days.
MACD and others are cooperating.

TA is useless on Ultra ETFs? Ok, let’s see how IYR is doing.

(IYR: 59.985 -0.75%)

IYR yields almost 9%! That’s for the positive.
Now negative: volume pattern is just the opposite of SRS, showing distribution (higher volume on down days, lower volume on up days).
Closed below 20ma which has been a pretty good support level during this rally. But need to see follow-through on that.
Today’s close qualifies for a Bollinger-Band-crash trade, so IYR *should* bounce tomorrow. Doesn’t have to, but should.