Overhead Resistance for Energy Trade | GoNoGo Charts

Academic evidence solidifies that the market is a leading economic indicator. No one knows what will happen next in terms of an economic recession, but we can look at the weight of the evidence to put probabilities on our side. Most importantly, Alex and Tyler review $USO on this last day of the month and show how the multi-year trend is approaching an area of strong overhead resistance. Investors can position for potential range-bound conditions in the intermediate term.

While growth briefly outperformed value last week, the relative ratio continued lower this week. On the bright side for bulls, better-than-expected full-year guidance from FedEx after Thursday’s close, tempered some of the growth concerns at the end of last week. A major transportation and logistics company, this is a signal that not all economic growth has been halted. Alex and Tyler review $FDX on a daily and weekly basis for signs of a “Go” trend.

Healthcare $XLV has been outperforming on a relative basis to the S&P500, and Eli Lilly Inc $LLY is another security showing favorable “Go” trend conditions in a market full of “NoGo” charts.

Join the Wealth365 Investment conference July 13th and 15th: www.wealth365.com/gonogo/

00:00 – Intro

01:00 – Daily S&P 500

02:15 – XLK – 60 min

05:28 – SPY Weekly then monthly

07:55 – Growth/Value – SPYG:SPYV

09:39 – $TNX – daily, weekly, Monthly

13:31 – USD or UUP – daily, weekly

15:42 – USO – weekly, then monthly, then daily,

19:00 – XLE – daily, then weekly

21:00 – FedEx (FDX)

24:50 – Eli Lilly & Co (LLY)

25:51 – Bitcoin Daily



Free Starter Plugin: https://schrts.co/eusTWbIv

Full Featured Plugin Pack: https://schrts.co/eedGrjvJ

#recession #usoil #economy



$SPY $TNX $USD Bearish Bitcoin Charts S&P500 StockMarket

get in touch

Mon - Fri 8:00 - 16:00
Subscription Form
$1.99 / week
Trend Analysis and Charts Delivered Weekly
Flight Path
Pre-Market Monday Morning
Launch Conditions
Delivered Every Saturday Morning
Research Chart Pack
16 GoNoGo Charts Included with Every Report
$9.99 / week
Daily Research
Flight Path
Pre-Market Monday Morning
Launch Conditions
First Thing Saturday Morning
Daily Blast Off
Pre Market Daily
Deploy GoNoGo Indicators on Your Favorite Platforms