$NDAQ has been in a “Go” trend since late November.
Since then we have seen higher highs and lows as price raced to over $101. During this “Go” trend, GoNoGo Oscillator has been at or above the zero line, confirming the trend we see in the price panel. After that high we saw a Go Countertrend Correction Icon (red arrow) telling us that price may struggle to go higher in the short term. Indeed, we saw price fall from that high and GoNoGo Trend painted a few weaker aqua bars. GoNoGo Oscillator fell again to the zero line where we watched for support. With GoNoGo Oscillator again bouncing off the zero line into positive territory, we see a Go Trend Continuation Icon (green circle), and we know that momentum is resurgent in the direction of the “Go” trend. With GoNoGo Trend painting a strong blue bar, we will look to see if this momentum boost helps price climb to another higher high in the coming days.
