“Go” Trend Reaches Resistance, Can it Continue? | GoNoGo Charts (08.04.22)

"Go" Trend Reaches Resistance, Can it Continue? | GoNoGo Charts (08.04.22)

In this episode Alex and Tyler talk about how the recent rally in risk assets has reached its first hurdle. They also explain that the strength of recent Go trends for the S&P 500, Growth sectors like Information Technology ($XLK) and Consumer Discretionary ($XLY) and even Bitcoin are at overhead resistance levels, which will test the strength of the recent rally.

00:00 – Intro
00:55 – GoNoGo Asset Class Heat Map
02:26 – SPDR S&P 500 ETF Trust (SPY)
08:55 – Treasury Yield 10 Years (@TNX$ – Daily, then Qtrly
11:35 – Gasoline futures ($GASO) – Daily, then weekly
13:20 – US Dollar (UUP)
15:05 – GoNoGo Sector RelMap – call out XLK and XLY
17:30 – Consumer Discretionary Select Sector – (XLY:SPY)
18: 50 – Tesla (TSLA), Louis Vuitton (LVMUY), Apple (AAPL)
22:48 – Bitcoin to Us Dollar (btcusd)

Website: https://www.gonogocharts.com/

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#resistance #technology #growth
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