$AAPL has been in a “Go” trend since the beginning of May.
After a strong run that saw a series of higher highs and higher lows through May and most of June, we saw two Go Countertrend Correction Icons (red arrows) about a week ago that told us price may struggle to go higher in the short term. Indeed, GoNoGo Trend then painted consecutive weaker aqua “Go” bars as GoNoGo Oscillator fell to test the zero line for support. After a couple of bars, GoNoGo Oscillator rallied off that level back into positive territory and GoNoGo Trend painted a fresh strong blue “Go” bar. We see a Go Trend Continuation Icon (green circle) under price and can say that momentum is resurgent in the direction of the “Go” trend. We will look for price to make an attempt at a new higher high.
