Intermarket Forces Assist Equity Rally | GoNoGo Charts (11.17)
GoNoGo Charts • 24m
Alex Cole and Tyler Wood, CMT review cross-asset relationships from a GoNoGo Trend Perspective. NoGo trends on the daily timeframe for USD and TNX provide tailwinds for risk assets. Multiple timeframe analysis reveals that the recent rotation to “risk-on” still has more to prove on the weekly charts. Opportunities in gold, industrials and energy on both an absolute and relative basis look most constructive.
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