$SCHW fell out of its last “Go” trend toward the end of May.
Since those highs, Price fell and then moved sideways in a “NoGo” correction. However, price made no lower lows and GoNoGo Trend showed the market uncertainty with a number of amber “Go Fish” bars during that time. After initially falling through the zero level, GoNoGo Oscillator quickly regained that level and after breaking out of a Max GoNoGo Squeeze has found support at zero three times. Now, with price rising to test horizontal resistance after series of higher lows, we see that GoNoGo Trend has painted a first “Go” bar. With momentum surging in the direction of the new “Go” trend, we will watch to see if price can break to a new higher high.
