Good morning and welcome to this week’s Flight Path. Equities saw the trend remain and as the week came to a close we saw more strong blue “Go” bars as price rallied close to prior highs. GoNoGo Trend shows that there has been a change in trend from “Go” to “NoGo” for treasury bond prices. After an amber “Go Fish” bar we see strong purple “NoGo” bars. The U.S. commodity index remains in a strong “Go” trend this week while the dollar saw a “Go” take over albeit painting weaker aqua bars. $SPY Fights to Stay Near Highs in “Go” Trend The GoNoGo chart below shows that after several bars of weakness we see the bright blue bars of a stronger trend return. This may provide a new level of support as we move forward. We also see a Go Trend Continuation Icon (green circle) as GoNoGo Oscillator found support at the zero line. We…
