This is the weekly GoNoGo Chart of the S&P 500. For the second week, it looks as if the GoNoGo Trend indicator will be painting a neutral amber bar, signaling uncertainty about the bearish conditions we’ve experienced since the drop in late February/March.
At the same time, a strong weekly finish would see the GoNoGo Oscillator crossing into positive territory for the first time since late February.
Positive signs, but the trend is not a “Go” until the GoNoGo Trend indicator is able to paint blue bars.
At the same time, a strong weekly finish would see the GoNoGo Oscillator crossing into positive territory for the first time since late February.
Positive signs, but the trend is not a “Go” until the GoNoGo Trend indicator is able to paint blue bars.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.