As of Monday, January 30, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities.
The VIX volatility index shot up more than 20 percent today. In addition the S&P500 Index, which was down more than 25 points intraday, closed down 14 points at the 2281 level.
If the “Pop and Drop” scenario we discussed on Friday is starting to develop, then the stock market has a significant decline coming in the near term.
See the chart below which is Friday’s chart updated with today’s market action:
If you would like to review the EquitySurge™ trading signals generated in 2016 and so far in 2017 please see the Trading Signal Performance Chart page.