Reits Breaking Down

Here's a group of stocks I shorted towards the end of April. Last month if you recall I commented about shorting the reits due to their relative weakness and the potential for a Head and Shoulders topping pattern.

Yesterday the neckline was broken and so was the 200 day moving average for the DJR (reit index).

If I'm correct with my analysis of this market, the reits should continue to decline over the coming weeks.