24Mar3:28 pmEST

Simon Says Pay Attention to Me

It is worth noting that the REIT Simon Property Group, presented below on the daily timeframe, is not only the top holding in the IYR (commercial real estate sector ETF), but is also a top ten holding in the XLF (sector ETF for the financials). 

Simon has been on a tear higher for years now, obviously helping IYR and XLF along the way. 

It is, therefore, worth keeping tabs on SPG to see if the highlighted multi-week rally of late amounts to another V-shape to fresh highs or instead rolls over for a major lower swing high. 

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