HGX Weekly -- Housing is at a critical juncture

After a double top, and what appears to be a double bottom, Philadelphia Housing Index sits right on the 50% fib and just on the top edge of the cloud resistance. It is near the 1.27% Gartley extension (point B to D).

Encouraging is the strengthening 12 week RSI (yellow highlight). Next few weeks will tell whether we reverse back off this or break through resistance to new highs.