Domistock Tools Used:
Assets charted: S&P 500 SPDR (SPY)
DomiStock’s HighLow Trading System just produced a Secondary Down signal for SPY. This signal is important since it follows an alert for potential price inflation and another two similar alerts in the last 6 sessions. It seems that the timing is good for some profit taking.
Dual Band Trading System: The number of international stock indices with bullish 1,2,3 or 1,2,3 Up patterns has doubled again in the last ten days – 4 times up from 20 days ago – This rally is undoubtedly a global one. DomiStock’s HighLow Trading System: Triple Down signal for SPY. Support trendline breached.