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Landstar Systems fell out of its “Go” trend toward the end of May, retreating from the high from May 10th.
The GoNoGo Oscillator confirmed this change in price trend by falling below the zero line. The oscillator has since rallied to the zero line from below but has been rejected there, triggering a low risk “NoGo” trend continuation icon (red circle) to appear above the current price bar. At the same time, the GoNoGo Trend has strengthened to the strongest purple “NoGo” color. This sets the stage for a leg lower.