Zillow is at a prior resistance point, at a whole number of $50, at the 100ma weekly. A bearish candle could close the week with a rejection wick. Given these confluence factors, economic outlook, search analysis of fundamentals, and the condition of real estate markets, I'm going to prematurely arrive on the scene, and pronounce it a short. There is of course a backup plan, in case things don't work out.
Kommentar:
As luck would have it, I hedged, and made money on both trades. While it's still deciding what to do in this zone. Looks bullish today. Expanding range looks difficult to trade further.