STAND BACK

It is at junctures like this that it is important to stand back, there is every possibility that the market has topped out in P2. Yes the REIT waves are far from convincingly impulsive, however, there are options in which to count a bearish stance, but one would never count them as such real time as their probability is just way too low.
Having said that market action is looking generally pretty weak with lots of distribution taking place.

Lets give this baby some room.