CHART PACK REVIEW FOR THE WEEK ENDING May 6th, 2023

6

May 2023

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. The “Go” trend remains in U.S. equities but we see some weakness as the price action allows GoNoGo Trend to paint weaker aqua bars.  Treasury prices have returned to paint “Go” bars this week after some uncertainty.  Commodities joins the U.S. dollar in a “NoGo” trend this week. 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 050623

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 $TLT $TNX $USO GoNoGo Asset Class HeatMap GoNoGo Oscillator GoNoGo RelMap GoNoGo Sector RelMap GoNoGo Trend S&P 500 US Dollar US Treasuries