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 technical environment continues to change this week. Of most significance perhaps, the S&P 500 ETF has painted an amber "Go Fish" bar. To be sure this has happened several times during the current "Go" trend and prices have rallied right back. However, it does indicate that there are not enough of the GoNoGo Trend conditions being met to paint a "Go" bar. We also see treasury prices, commodities and the dollar struggling. Bitcoin remains strong in its "Go" trend as an alternative opportunity to generate alpha.
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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