$CSCO sees momentum surging in the direction of the “NoGo” trend.
NoGo Trend Continuation Icons abound as I scan the markets this week. Cisco Systems has been in a strong “NoGo” trend since January and price fell back toward recent lows yesterday. GoNoGo Oscillator which has been held below zero during this trend has been turned away from the zero line on heavy volume. We will look for price to set a new low shortly.