Affiliated Managers Group sees NoGo Coincide with Head and shoulders

Affiliated Managers Group sees NoGo Coincide with Head and shoulders

18

June 2021

By

Alex Cole

I spy a head and shoulders!
As we like to see during a head and shoulders, the GoNoGo Trend weakened during the right side (right shoulder) unable to maintain go bars. Also, during the right side of the pattern, the GoNoGo Oscillator broke below the zero line, failing to find support.  Now we see NoGo Trend colors as price breaks below the neckline.  Look for price to move lower over the intermediate term.