$AAPL has been in a “NoGo” since early August.
After correcting from the high in July, GoNoGo Oscillator broke through the zero line into negative territory and has been there ever since, confirming the “NoGo” trend in price. Now, GoNoGo Oscillator is testing the zero line from below. It has been at that level already for a few bars and so we see the climbing grid of GoNoGo Squeeze begin to form. This tells us that there is a tug of war in play between buyers and sellers as price consolidates. If we see the oscillator break out of the GoNoGo Squeeze into negative territory then we will no that momentum is resurgent in the direction of the “NoGo” trend and we can expect another leg down.
