Positive momentum on GoNoGo Oscillator for SPX
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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