$UUP sees GoNoGo Trend painting an amber “Go Fish” bar.
The dollar continues to correct off the high of mid July. At the end of the month, GoNoGo Oscillator broke below zero out of a max GoNoGo Squeeze on heavy volume. Since then, we have seen price continue to correct and now GoNoGo Trend paints an amber “Go Fish” bar. As this happens, we see GoNoGo Oscillator get turned away by the zero line, suggesting further price action to the downside.
