In this edition of the GoNoGo Charts show, with US Equities delivering a streak of daily gains this week, Alex takes a top down approach to see what the GoNoGo Charts are saying about markets. With U.S. domestic equities in a “NoGo” trend, the charts warn that there is further risk to the downside. This week, we see a new lower low, and momentum has turned strongly negative. Looking at the macro factors that could cause further trouble, treasury rates and the dollar are both in strong “Go” trends.
This video originally premiered on October 27, 2023. Click this link to watch on YouTube.