⇑⇑ Strong Buy
As of Tuesday, October 30, 2018 EquitySurge™ has continued a STRONG BUY signal for stocks.
After yesterday’s spike down in price to the 2600 level on the SP500 Index, and the significant recovery from that level today, it is now looking more like a “V” bottom may have been put in place yesterday, and as of today we are beginning to climb back up on the right hand side of the “V”.
Either way, yesterday looks like a reversal low, and the stock market should now embark on a decent retrace higher. For now we’ll keep our mind open to either a “V” bottom or “W” bottom recovery in progress.
Pull-backs in price should be aggressively bought until such time as the RRG Graphs and other liquidity indicators tell us otherwise.
The indicators in the RRG® graphs are pegged to the right side of the Leading quadrant with continued strong green tails, a powerful indication to keep buying stocks.
Current RRG Graph:
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