Domistock Tools Used:
Assets charted: S&P 500 SPDR (SPY)
DomiStock’s HighLow Trading System just produced a Secondary Up signal for SPY, two sessions after the last one, an indication of strength of the current rally. This is the 2nd signal given after the Main Up on the 7th of this month and the Secondary Up on the 15th. Attention is needed though since SPY is close to resistance at 219. Traders with open positions can hold and wait for the 219 test, while traders that missed the rally can either go long following the new Secondary Up signal or hold their horses and wait for the 219 resistance test as well.