As speculated back in January, housing index rebounded strongly and now it closed above the red resistance line this week. It is very close to the blue resistance line, RSI is also close to the upper resistance channel.
MACD and RSI diverged from the index, long term trend line from 2011 appears to be breaking. This is concerning as this may indicate housing peaking (in about 12 months?). Anyway I will keep tracking this index.