$LAND has been in a “NoGo” since the beginning of May.
GoNoGo Oscillator warned us of the changing trend when it broke below the zero line at the end of April. GoNoGo Trend followed by painting strong purple “NoGo” bars right away. After a significant move lower we have seen price consolidate after a green countertrend correction arrow signaled the lowest low. Now, with the oscillator riding the zero line, we see the climbing grid of the GoNoGo Squeeze climb to its max. We will look to see in which direction the oscillator breaks out of the GoNoGo Squeeze. If it falls into negative territory, we will look for price to move lower and attack the prior low.