CHART PACK REVIEW FOR THE WEEK ENDING JULY 16th, 2022

16

July 2022

By

Alex Cole

Welcome to your weekly GoNoGo Launch Conditions Chart Pack.  We take a look at the major market trends across all asset classes to give an overall, technical view of market conditions.   For all the talk of relief rallies, risk remains off from a trend perspective.  Equities, while painting a weaker pink bar to end the week are still in a "NoGo" trend.  Commodities are in a strong "NoGo" and Bitcoin continues to struggle.  The strength of the dollar continues and the emergence of an aqua "Go" bar in treasury bond prices doesn't help sway the overall picture.  Investors traditionally see bonds as a safer place to park money and so we will see if money continues to move from equities. Enjoy this week's chart pack and stay on the right side of the trends!

To access this week's Launch Conditions click hereAsset map 071622

It's important to take a step back and assess whether the stories match the price trends.  The GoNoGo Trend and Oscillator are applied across the major asset classes to give a complete technical picture of trend and momentum. Click here

Flip through your weekly Launch Conditions chart pack below

Launch Conditions Graphic e1642280241152

BETTER CHARTS. BETTER DECISIONS.

Tags:

#RelativeStrength $SPY GoNoGo Heat Map GoNoGo Oscillator GoNoGo RelMap GoNoGo Sector RelMap GoNoGo Trend