Welcome to your weekly GoNoGo Launch Conditions Chart Pack. We take a look at the major market trends across all asset classes to give an overall, technical view of market conditions. The asset map shows that this week has been a struggle for equities as we see a couple of amber “Go Fish” bars creep in. This indicates uncertainty in the preceding “Go” trend. Trends remain in place for treasury bonds (NoGo), commodities (Go), the dollar (Go). Bitcoin though, has seen a reversal as the “Go” trend has been replaced by a weak pink “NoGo”. This is a crucial moment as markets deal with rising rates geopolitical strife.
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It’s important to take a step back and assess whether the stories match the price trends. The GoNoGo Trend and Oscillator are applied across the major asset classes to give a complete technical picture of trend and momentum. Click here
Flip through your weekly Launch Conditions chart pack below