GoNoGoCharts

GoNoGoCharts

Price swings have been contracting as this pair consolidates. Currently the GoNoGo Trend indicator is painting bearish purple and pink bars but it has had a hard time maintaining any color for long. After periods of low volatility typically a break will come but in which direction? The GoNoGo Oscillator has been hugging the zero line for an incredibly long time!...

GoNoGoCharts

The GoNoGo Trend indicator on S&P 500 daily data was able to briefly paint a blue "Go" bar 2 days ago. See the top chart, area circled. However, it immediately painted an amber neutral bar followed by a quick return to the current "NoGo" color. This shows lack of conviction in any change of trend. The GoNoGo Oscillator is heading back to zero, highlighted with...

GoNoGoCharts

After a series of higher highs and lows, the purple "NoGo" bars were mixed with the lighter pink bars, showing some weakness in the down trend through most of March. Most recently, the GoNoGo Trend has been able to paint blue "Go" bars indicating the environment has turned bullish. The GoNoGo Oscillator in the lower panel has given confirmation by moving into...