How does that not close? Huge gap up from 2085, with an incredibly fast run up. That doesn't seem like a recipe for success, more like a bull trap. The Dow made its first NEW high on Nov 9th, but neither the SPX nor the NASDAQ followed, and it's been a few days. Definitely not a bullish play in my opinion. But I am usually not correct.
@stantrader, I agree with your point. Of course, it's the price that would lead the BB's somewhere eventually and not vice versa and most likely we will see the 20 ma and price get closer, but as you noted the amplitude is remarkable.
BB have only two solutions for every problem: print more money and raise rates. You cannot un-print money (they call this deflation and currency rejection). In either case, you end up with too much money, and too little growth. The markets reset when prices get too high; or growth goes negative (bankrupt). They always have. But sometimes, it takes years to reset. It's a natural process, except for printing money, and charging interest forever... you should not be able to roll-over money forever... after 50 years the debt needs to be forgiven.