Boeing has fallen back from the high in mid March and has entered a “NoGo” trend.
With the GoNoGo Squeeze applied, you can see how the GoNoGo Oscillator rode the zero line for some time causing the grid of the GoNoGo Squeeze to rise to extremes. After breaking out of the squeeze to the downside, a “NoGo” was identified which has since been confirmed by the oscillator getting rejected by the zero line and fresh “NoGo” bars. The path of least resistance is further to the downside.
