The breakout in the ultrashort RE etf SRS lasted all of a day. As did the break down in the long RE etf IYR. Shows ya a glimpse of what can happen when a bunch of us TA geeks all start seeing the same pattern (Head & Shoulders in this case). Kaput.Still, one thing I do note is that the double inverse etf's have not resumed their tendencies toward disproportionate declines vs. their happy long counterparts. Something to keep an eye on.
