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 is still in place for U.S. domestic equities but we are seeing paler aqua bars as price falls from all time highs. The GoNoGo Oscillator has fallen to the zero line and we will watch to see if it finds support. If the trend in price is still strong, the oscillator should find support at zero to show momentum coming back in the direction of the trend. If it cannot find support, that would be a concern and we could see a stronger correction ahead.
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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