$TROW entered a new “Go” trend as momentum surged.
GoNoGo Trend painted a new blue “Go” bar as we see momentum climbing into positive territory confirming the underlying price trend. This change in trend comes after GoNoGo Trend showed almost a week of market uncertainty with amber “Go Fish” bars. Prior to that, at the end of a “NoGo” correction, we saw GoNoGo Oscillator break out of a Max GoNoGo Squeeze. Now, with momentum on the side of the “Go” trend and GoNoGo Trend painting a strong blue bar, we will watch to see if price can make a push to challenge prior high resistance at around $122. With momentum waning, we see a Go Countertrend Correction Icon (red arrow) above price, indicating that it may struggle to go higher in the short term, but if we set a new higher low, that will provide a base for an attack on new highs.
