CHART PACK REVIEW FOR THE WEEK ENDING MAY 7th, 2022

CHART PACK REVIEW FOR THE WEEK ENDING MAY 7th, 2022

6

May 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.  The”NoGo” trend in equities continues this week as we saw massive swings up and down. The weight of the evidence would suggest that the “NoGo” trend is strong.  Treasury bond prices continue to paint “NoGo” bars as well.  Commodities and the dollar continue to be strong.   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 050622

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 $btcusd $SPY $TLT GoNoGo Heat Map GoNoGo Oscillator GoNoGo RelMap GoNoGo Sector RelMap GoNoGo Trend

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