$KWEB sees GoNoGo Trend paint a fresh “NoGo” flag after months of a “Go” trend.
We saw price hit a high at the end of January and since then GoNoGo Trend has painted almost all weaker aqua “Go” bars until the amber “Go Fish” on February 10th. To start this week the blended inputs behind the GoNoGo Trend are signaling the first form of a bearish “NoGo” trend. This follows GoNoGo Oscillator breaking below the zero line at the beginning of the month on heavy volume. This suggested that for the first time there was strong momentum against the “Go” trend. We could see price fall significantly from here.
