$AAPL has been in and out of a “NoGo” trend since the beginning of this year.
We have seen GoNoGo Trend paint several “Go Fish” bars but never was able to identify a “Go” trend. After a string of amber “Go Fish” bars last month, GoNoGo Oscillator fell to test the zero line from above and GoNoGo Trend returned to paint “NoGo” colors. As price found support at prior lows but was then unable to set a new higher high, the oscillator rode the zero line causing the climbing grid of GoNoGo Squeeze to climb to its Max. This is a sign of reduced volatility and it behooves investors to then look for the the next directional move. On the last bar, GoNoGo Squeeze was broken to the downside as GoNoGo Oscillator moved into negative territory. This tells us that momentum is now resurgent in the direction of the “NoGo” trend and will look for price to move lower and test prior lows.
