Looking at a Relief Rally or Return to Go Trends? | GoNoGo Charts


October 2023



With US Equities delivering a streak of daily gains this week, Alex Cole and Tyler Wood, CMT examine the daily weak NoGo trend conditions against the weak Go trend conditions on the weekly timeframe. The model is calculated the exact same way, but longer timeframe data is showing the S&P holding a Go trend while daily price action is still in weak NoGo conditions as price reaches a lower high.

  • 00:00 Intro
  • 00:26 S&P 500 ETF (SPY)
  • 05:55 Treas Yld Index-10 Yr Nts ($TNX), iShares 20+ Year Treasury Bond ETF (TLT), Invesco DB US Dollar Index Bullish Fund (UUP)
  • 10:18 United States Oil ETF (USO), Gold Trust (GLD)
  • 13:37 S&P 500 ETF (SPY), Dow Jones US Software Index ($DJUSSW), VMware Inc (VMW)
  • 22:25 BIll.com Holdings (BILL), Adobe Systems (ADBE)


#RelativeStrength $SPY $TNX GoNoGo Asset Class HeatMap GoNoGo Charts GoNoGo Heat Map GoNoGo Trend S&P 500