Good morning and welcome to this week’s Flight Path. It was another strong week for U.S. equities as we saw S&P hit new highs on a week of strong blue “Go” bars. Treasury bond prices had a good weeks as well with a string of blue “Go” bars and the U.S. commodity index was able to remain in a “Go” trend although we did see some weakness with aqua bars as the week came to a close. The dollar was the only asset this week that fell out of its “Go” trend. We saw some uncertainty as price dropped and GoNoGo Trend painted a couple of amber “Go Fish” bars. $SPY Paints Countertrend Correction Icon at New Highs Equity prices continued higher this week and GoNoGo Trend painted uninterrupted strong blue “Go” bars. Late in the week we saw a Go Countertrend Correction Icon (red arrow) at the high indicating that price may struggle…
