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Dow Theory Update For April 13: Primary Bull Market Signaled For US Stocks Today

|Includes: DIA, IYT, SPDR S&P 500 Trust ETF (SPY)

No time for writing now, since I am minding my own business.

Today, the SPY and INDU have bettered their secondary reaction closing highs of April 1st, 2016, and, according to Schannep's Dow Theory a primary bull market has been signaled. Here, I alerted about the setup.

Here you have an updated chart. The horizontal red lines display the levels to be broken out for a primary bull market to be signaled.

Primary bull market signaled for US stocks

I hope to find time to further elaborate on this signal tomorrow.

Sincerely,

The Dow Theorist