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$XLRE ~ Expect correction to continue on the downside...

Real Estate Select Sector SPDR Fund (The) (AMEX:XLRE)  
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AMEX:XLRE   Real Estate Select Sector SPDR Fund (The)
Wave Analysis XLRE realestate SPDR S&P 500 ETF (SPY) QQQ nasdaq elliottwaveprojection elliotwaveanalysis elliottwaveretracement
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waveanalysis xlre realestate spy qqq nasdaq elliottwaveprojection elliotwaveanalysis elliottwaveretracement
As shown, real estate sector is in correction mode. Housing prices are at crazy prices and now 30 year mortgage rates are still climbing. Today the average was reported over 6.25%. Would expect these rates to continue on the upside while housing prices moderate.
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