Domistock Tools Used:
Assets charted: S&P 500 SPDR (SPY)
In the last 4 sessions DomiStock’s HighLow Trading System has produced two Secondary Down signals but no Main one. For those having long positions that translates to either keep holding and do nothing or to secure some profits. But it’s not a sell signal, something that only a Main Down signal can call. Traders that missed the rally and are looking for a “revenge” short position should be careful, as their chances of getting it right will be much more if a Main Down signal is produced and the support at 219 gets breached.