It's one of the biggest moving averages that the market seems to revert to. Just from looking at the chart this seems to be the longest a furthest stretch ever that we have been away from it. Who is ready for the mean reversion?
We have broken out of the bearish trend and found real strength this week.
Bull flag breakout off VPOC holding as support.
Magic fib level.
All gaps must be filled? I guess we'll find out...
Just basing on something I noticed for rallies running out of steam. Each box is the same height.
Then We'll see you around $2475.
Based on fib levels and current trend I expect 3409 by EOW and wouldn't doubt we make a run for 3500 by the end of March or Mid April.
This could run pre-earnings to 45-50.
Possible "vacuum" to 2919 after we bust through the 2885 level.
