$VLO has been in a “Go” trend since the middle of May.
Since then, we have seen a higher high and a higher low. During that time, we see that GoNoGo Oscillator has found support at the zero line several times even after a virtual struggle between buyers and sellers that caused a Max GoNoGo Squeeze. Recently, price fell from the recent Go Countertrend Correction Icon (red arrow) and GoNoGo Oscillator fell to test the zero line from above again. After another GoNoGo Squeeze, we see the oscillator breaking out back into positive territory again. This comes as GoNoGo Trend paints stronger blue bars and price pushes up agains prior high resistance. We will look to see if this momentum boost will give price the push it needs to climb to a new higher high.
