As of Friday, July 7, 2017 at the close of trading EquitySurge™ has continued a strong sell signal for USA equities.
There still is not much to report in terms of market action, as the stock market has remained confined to a narrow consolidation trading range now since early June, after first touching the 261.8% Fibonacci Extension from last Summer’s high to the election night low on the S&P500 Index Futures, at the 2428 level. That level is still in play as the market rotates a few days above and then a few days below this price.
We remain steadfast that the stock market rally since the election is just one trigger away from a massive reversion to the mean sell-off of epic proportions. Our job is to help people buy low and sell high. What we are seeing in the stock market is classic sell high, and we are quite sure that someday soon we’ll all look back and see the light of this mantra.
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.