This is a chart that I watch for discretionary trading...shows setups well. This setup is at cycle resistance in a confirmed downtrend in a persistent down cycle and a sell setup on the m3WR.
Also, there are multiple resistances at these levels.
From a technical perspective, a breakout of the trendline is a high risk of being false and may reverse to new lows. If that's the case, its another example of why its so hard to trade trendlines.
This is the system chart:
Asking Rents Mostly Unchanged Year-over-year
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Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged
Year-over-year
Brief excerpt:
Another monthly update on rents.
Tracking rents is imp...
2 hours ago