$CF had been correcting in a brief “NoGo”.
However, after failing to make a new lower low, we saw GoNoGo Oscillator rise to test the zero line from below where we watched to see if it would meet with resistance. It burst right through as GoNoGo Trend painted amber “Go Fish” bars indicating uncertainty about the prior “NoGo” trend. The oscillator quickly retested zero and found support and as it bounces off the zero line back into positive territory on heavy volume, we see GoNoGo Trend paint a fresh “Go” bar as prices closes at new highs above overhead resistance. With momentum on the side of the new “Go” trend, we will look to see if price can consolidate at these levels and move higher still.
