The chart below shows the GoNoGo Trend and GoNoGo Oscillator applied to $TRYP, the airlines, hotels and cruise lines ETF.
Toward the end of September, GoNoGo Oscillator broke above the zero line and has been able to find support at that level. GoNoGo Trend followed suit by identifying a new “Go” trend. Most recently, we have seen a green Go trend continuation icon appear under price as the oscillator again found support at the zero line. Is this another example of the reopening trade coming back?