Domistock Tools Used:
Assets charted: S&P 500 SPDR (SPY)
DomiStock’s HighLow Trading System just produced a Secondary Up signal for SPY. This is the first signal given after the Main Up on the 7th of this month. Attention is needed though since SPY is close to resistance at 219 and the “extreme demand / potentially inflated” alert with a grade of 1 (the minimum) has been given today. Thus 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.