WAC has broken chanel down
It is going from downtrend to uptrend
Similar situation like in Jan 2012
First resistence MA50, second MA200
Target on trendline around 22
Strong MACD Histogram and Lines ROC break up
WAC has reached MA200 today without delay, it should calm down for a while. WAC is very strong now. I guess that it could break up downtrend resistance line finally. In that case it could go up to 29 - Based on Fibonacci extensions . Resistance 24-24,3 and than 26,5-27 in that case.