Domistock Tools Used:
Assets charted: S&P 500 SPDR (SPY)
Eight weeks into the current “Trump rally” for SPY and after 3 weekly alerts for extreme demand / potential price inflation DomiStock’s HighLow Trading System just produced its first down signal. As seen on the expert it’s a Secondary Down signal and not a Main one yet. That, according to DomiStock’s HighLow methodology translates to profit taking for holders of long positions but not a clear exit signal.