The Asbury 6 was developed due to changing market conditions. In the past the S&P 500 Index or SPX chart could indicate what the market strength was, but now the Asbury 6 can indicate the internal health of the market. "According to the Asbury 6, the internal health of the market is more positive than negative. The rate of change in the SPX, investor asset flows in the SPY, corporate bond spreads, and the NYSE market breadth are all positive in January 2023," says John Kosar.
20 Jan 2023
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