$LYV has entered a new “Go” trend after failing to make a lower low.
As the “NoGo” trend weakened, we saw GoNoGo Oscillator first break into positive territory and then test that level as it settled at zero for several bars. This reflected the virtual tug of war between buyers and sellers at this level and we saw a Max GoNoGo Squeeze build. GoNoGo Trend showed market uncertainty as it painted a few amber “Go Fish” bars and finally after an extended Squeeze, we see GoNoGo Oscillator breaking out into positive territory. GoNoGo Trend has also now recognized a new “Go” trend with an aqua bar as price tests resistance from prior highs. With momentum now surging in the direction of the new “Go” trend, we will watch to see if price has the push it needs to set a new higher high.
