Domistock Tools Used: Auto-drawn Support/ Resistance Lines & Trendlines, Inflated/ Deflated Expert Symbol, DomiStock’s Technical Rating System
One of the best and easiest to use DomiStock tools is the price inflation / deflation or extreme demand / supply alert expert symbol. It works amazingly in daily, weekly, monthly but also intraday charts. And it did so today too. See how SPY reacted to upward after DomiStock produced an intraday price deflation alert on the 60 min bar chart.
And with the hourly SPY’s rating being an AB, that price deflation alert made it a candidate for an intraday trade based on the “Long the deflated winner” DomiStock’s strategy. This strategy can be automatically spoted from DomiStock’s Trading Strategies Exploration tool. Should someone took advantage of it today, has already recorded good intraday profit.