As of Monday, April 17, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities.
On queue the stock market rose today to start the week off with a strong up arrow. We should continue to see pretty strong moves higher in the days ahead as the market makes its way back up to or even beyond the 2400 level on the S&P500 Index Futures.
If you still have long positions, taking profits from here up would be a good idea, as we still see a very high probability of a double top formation around the 2400-2430 level.
If you are in cash already, it’s a very aggressive play to try to take advantage of this near-term uptrend, but it should remain intact back up to 2400.
Otherwise we are urging patience as the market finishes the “right side” of the double top formation, which once completed should lead to a strong sell-off.
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.