S&P 500 trying to re-enter “Go” trend

S&P 500 trying to re-enter “Go” trend


October 2021


Alex Cole

Incredible it may seem to some, but the S&P 500, represented here by the $SPY, has entered a "Go' trend.
After GoNoGo Oscillator broke above the zero line, GoNoGo Trend followed by painting a series of amber "Go Fish" bars.  Currently, intraday on 10/20/21, the indicator is attempting to paint an aqua "Go" bar.  There is overhead resistance at prior highs,  and we will watch to see if price can move higher.