As of Friday, March 31, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities.
Markets see-sawed up and down on Friday, which probably had a lot to do with the end of the first quarter and the balancing of positions.
We are still looking for a return to the 2400 level or up to the 2430 level on the S&P500 Index Futures sometime over the next few weeks to mark a very meaningful top for the market and the completion of the move higher from the election last November.
If you are in a cash position, patience will be in order as this top manifests itself and the declines sets in. If you still have long positions, this retrace higher should be viewed as a very opportune time to sell high.
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.