“Go” Trend Reaches Resistance, Can it Continue? | GoNoGo Charts

In this episode Alex and Tyler talk about how the recent rally in risk assets has reached its first hurdle. They also explain that the strength of recent Go trends for the S&P 500, Growth sectors like Information Technology ($XLK) and Consumer Discretionary ($XLY) and even Bitcoin are at overhead resistance levels, which will test the strength of the recent rally.

 

00:00 – Intro

00:55 – GoNoGo Asset Class Heat Map

02:26 – SPDR S&P 500 ETF Trust (SPY)

08:55 – Treasury Yield 10 Years (@TNX$ – Daily, then Qtrly

11:35 – Gasoline futures ($GASO) – Daily, then weekly

13:20 – US Dollar (UUP)

15:05 – GoNoGo Sector RelMap – call out XLK and XLY

17:30 – Consumer Discretionary Select Sector – (XLY:SPY)

18: 50 – Tesla (TSLA), Louis Vuitton (LVMUY), Apple (AAPL)

22:48 – Bitcoin to Us Dollar (btcusd)

 

Website: https://www.gonogocharts.com/

 

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#resistance #technology #growth

 

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Tags:

$btcusd $TNX $TSLA Apple (AAPL) S&P 500 Tesla US Dollar

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