Bleak about property prospects? Short 'em.
Updated
SATRIX's property ETF is a perfect instrument for just that.
Price has been trending down for a year and a half.
The 1575 level which provided so much support on the way down was broken over a month ago and is now acting as resistance.
See those big old wicks on the upside going back through 2019? Those a rallies that were kicked in the teeth, turning into big old liquidity sucks.
And now price is forming an upward sloping channel - a close below the channel sets us up for a nice short opportunity.
Tired of your house price depreciating? Why not hedge yourself?
Price has been trending down for a year and a half.
The 1575 level which provided so much support on the way down was broken over a month ago and is now acting as resistance.
See those big old wicks on the upside going back through 2019? Those a rallies that were kicked in the teeth, turning into big old liquidity sucks.
And now price is forming an upward sloping channel - a close below the channel sets us up for a nice short opportunity.
Tired of your house price depreciating? Why not hedge yourself?
Trade closed: target reached
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