Is the (CRE) still being played? SPG vs ViNO

CMBX spreads continue widening. Pundit chatter increasing on the situation.

Charts on SPG and VNO not much different. SPG is a little weaker with the "flat" OBV. Resistance @ 40, but is also a up trending pennant. Was this a May or June play?

edit 04/09: Updated chart showing "divergence" of the Acc/Dist and the OBV. Not a call to arms, but the OBV can signal a change is coming. Market is full of tards so it's hard to go against the grain at the moment.

Resistance for SPG @ 41ish, not 40ish.

Puts are expensive.

That was then, this is now. Now what?

Following up to the McClellan where are you. Uhhhhhh....Where are we? A good bull market would see the summation index stay above the zero line. Obviously the "pullback" is in play. Question is how far to pullback.

Haven't done much of anything other than a little strangling of the TBT . Will see what tomorrow brings