HomeInvestingPortfolio ManagementAsbury 6 Model Has Been Negative Since August 26th: SPX 3900 Level
Asbury 6 Model Has Been Negative Since August 26th: SPX 3900 Level

"The minor trend in the benchmark S&P 500 (SPX) turned positive or bullish on Friday as the benchmark index rose back above its 50-day moving average, but that trend change is tenuous right now. The major trend remains negative or bearish below major overhead resistance at 4275 to 4279, which is 5.2% above the market. However, if this major trend is still healthy and intact, it should resume by the early to middle part of next week," says John Kosar.

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