Tyler Wood, CMT walks through the markets using GoNoGo Charts. Countertrend corrections in rising yields and a fall to neutral trend in the Dollar index provide relief for risk assets. US Equities favor small caps over large and cyclical sectors over growth. A fresh Go trend peaks out for Bitcoin as well. Tyler explains how traders and investors can leverage the GoNoGo Squeeze indicator to trade in the direction of breaks. Compressed volatility can act like a coiled spring offering high velocity moves in the direction of the break.
00:52 - GoNoGo Asset Class Heat Map
02:07 - SPY – Doji Evening Star Candle, NoGo continues
04:28 - $TNX - Daily Chart – CounterTrend Correction, Oscillator at zero
06:02 - USD - UUP – Amber bars, momentum breakdown
08:15 - USO – Fresh Go Trend
09:54 - GoNoGo Sector RelMap - call out XLE & XLF & Defensives
12:04 - SLY:OEF – small cap leading large cap
13:10 - BTCUSD – Fresh Go Trend within price channel
15:10 - AMRK – precious metals volatility breakout
Website: https://www.gonogocharts.com/
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