$MKTX has been in a “Go” trend for well over a month.
We have seen a series of higher highs and higher lows as price has rallied above $240. After hitting a high in the middle of August we saw price pull back and GoNoGo Trend painted a string of weaker aqua “Go” bars. During that time, GoNoGo Oscillator fell to test the zero level from above where we looked for it to find support. It was stuck at zero for some time, and we saw a Max GoNoGo Squeeze building, telling us that there was a tug of war between buyers and sellers at this level. GoNoGo Trend has returned to painting strong blue “Go” bars and GoNoGo Oscillator has finally broken out of the Max GoNoGo Squeeze into positive territory. We now know that momentum is resurgent in the direction of the strong “Go” trend as we see price breaking above prior high resistance. We will look for price to consolidate at these levels and potentially climb from here.
