legcramp89

legcramp89

Here's the monthly chart on this housing index. I have no idea what I am charting but it looks like the index is moving with the recent major events such as FED increasing rates finally, everyone is FOMO into buying a house and everyone and their grandmother are becoming real-estate agents haha. FED are supposedly cutting back on MBS purchasing also. With that...

legcramp89 Updated 

Seems to me we're looking at a W recovery. Target date to possibly test new lows is June 4-5th.

legcramp89

Looking like a double-top, possibly a sell off today.

legcramp89 Updated 

Blue trend line at the top clearly shows resistance so far every time prices reach that area. Going by the past few days, prices will gap up on 5/19 and test that blue trend line. If we successfully break it and find support we will be going higher to test ATH, else I suspect there will be a big turn-around.