Good morning and welcome to this week’s Flight Path. Equities continue their path out of the “NoGo” correction. The “Go” trend has returned for U.S. equities as we see first an aqua and then a blue “Go” bar. This came after a string of uncertain amber “Go Fish” bars. Treasury bond prices remained in a “Go” trend albeit painting weaker aqua bars at the end of the week. U.S. commodities stayed in a “NoGo” painting weaker pink bars and the dollar showed strong purple “NoGo” bars. $SPY Continues to Rally and Flags “Go” Trend The week finished strongly as we saw GoNoGo Trend paint a bright blue “Go” bar as prices rallied after a challenging Thursday. We now see that momentum is in positive territory but not yet overbought and we will watch to see if price can mount an attack on a new high over the coming days and weeks. The longer time…
