⇑⇑ Strong Buy
As of Thursday, November 15, 2018 EquitySurge™ has continued a STRONG BUY signal for stocks.
Since our last update posted on October 30, 2018, the stock market made an interim price top on November 8th and then re-traced back down to form what surely looks like a bottom as of today. Bottoming washout signs were visible in yesterday’s price action, and this morning soon after the open the SP500 Index made one more plunge lower to close a gap between October 30-31, 2018 and then shot upward for the remainder of the day to close more than 60 points off the morning low.
There are of course no guarantees in the stock market, but this looks like a bottom. Price action in the coming days should be net to the upside from here.
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 DAILY RRG® graphs have bottomed out in the Weakening quadrant and are now turning higher, pointing to the Leading quadrant. The WEEKLY RRG® graphs show the indicators leaving the top of the Improving quadrant and heading directly for the Leading quadrant, a very bullish signal for higher stock prices to come.
Current DAILY RRG Graph:
Current WEEKLY RRG Graph:
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