I mean why wouldn't it? Isn't it a Gudou Dama with rasen wind chakra added? Wouldn't it be similar to when Obito or Madara shoots one, it explodes, collapses on itself becoming a black orb again, then returns to the user?
Hmmm, if I could rewrite a scene, I'd rewrite the scene where Naruto and Sasuke's ultimate attacks clash. A simple old lightning arrow is boring. Sasuke notices Naruto infusing his Gudou Dama's into his attack, noting that it would cancel out his ninjutsu. To counter this, Sasuke uses his Rinnegan's ability to use all chakra natures and turns his Indra's arrow into a rainbow arrow of all chakra natures. It looks the same, but now it's glowing multicolored. He launches the Ultimate Rinne Rainbow Arrow and it collides with Naruto's attacks, esplosion.
Hmmm, if I could rewrite a scene, I'd rewrite the scene where Naruto and Sasuke's ultimate attacks clash. A simple old lightning arrow is boring. Sasuke notices Naruto infusing his Gudou Dama's into his attack, noting that it would cancel out his ninjutsu. To counter this, Sasuke uses his Rinnegan's ability to use all chakra natures and turns his Indra's arrow into a rainbow arrow of all chakra natures. It looks the same, but now it's glowing multicolored. He launches the Ultimate Rinne Rainbow Arrow and it collides with Naruto's attacks, esplosion.