GoNoGo Charts – Launch Conditions MONTHLY
What seems like a massive correction in the equity markets these past few days leaves us slightly lower than where we started the month of November. Yes, big down days cause pain, but it is also good to step back and look at the bigger trend. See the chart below of the S&P 500 Spdr ETF with GoNoGo Trend and Oscillator applied to monthly bars. December is historically a good month for stocks. Bring on the Santa rally!