S&P 500: Must Rally Now Or Begin A Correction

Asbury Research’s Stock Market Update & Asbury Investment Management Video is a free report that we use to keep in contact with existing clients, and those who have previously asked for information about either Asbury Research or Asbury Investment Management (AIM).  Feel free to contact us for additional information about our services for both professional and private investors. 

Go Right To The Accompanying Video

In our previous March 7th Stock Market Update & Asbury Investment Management Video, entitled US Market Vulnerable To A Much Deeper Decline, we said that the benchmark S&P 500 was “holding onto Tactical support by its fingernails” but that 60 years of seasonality data, and our Tactical models, warned of a much deeper decline.

Editor’s Note: At Asbury Research, the Strategic trend (63 days or one quarter) is the one we are trying to capture.  The Tactical trend (21 days or one month) is the one we utilize to profitably move into and out of the Strategic trend.

The red highlights in the chart below, an updated version of the one from our March 7th report, show that Tactical underlying support is currently situated 1% just below the market at SPX 3880 to 3862 and represents the March 2020 uptrend (dashed purple) line and the 50-day moving average (solid blue line).  The red highlights show that this is the third time this critical support area has been tested in just the past month. The index’s inability to sustain a rally from it is indicative of a weakening and vulnerable market.

S&P 500 (SPX) daily since September 2020

It would take a sustained rebound back above SPX 3950 next week, accompanied by a shift back to Risk On in our Correction Protection Model (CPM), to indicate the US broad market index’s November 2020 advance has resumed.  Conversely, a decline below 3880-3862 support area next week, on a continued Risk Off status by CPM, would indicate that an overdue market correction has begun — and would clear the way for a much deeper decline. 

Our latest video below shows how we have navigated these recent market conditions for client portfolios in real-time.

Asbury Investment Management (AIM): Our Latest Video
Asbury Research Ideas, Expertly Managed

Here is our March 19th Video Review, which explains how we have recently utilized Asbury Research’s market analysis and investment ideas to professionally manage client portfolios.


NEW!  Click Here to view a brief video about our management philosophy. Feel free to share with anyone who might benefit from our risk–managed approach.

If you would like to learn more about Asbury Research, Click Here to contact us and type “subscription info” in the Reason For Inquiry text box or call 888-960-0005.

If you would like to learn more about Asbury Investment Management (AIM), please emailor call 1-844-4-ASBURY (1-844-427-2879).  You can also click here to schedule an informational phone call with us.

This communication is for informational purposes only. It is not intended as investment advice, or as an offer or solicitation for the purchase or sale of any financial asset.  No inferences may be made and no guarantees of profitability are being stated by Asbury Research LLC.  The risk of loss trading in financial assets can be substantial. Therefore, you should carefully consider whether such trading is suitable for you in light of your financial condition.

Invest like a Professional. Get Started Today

Don’t miss any more opportunities. Sign up today and see how Asbury Research can give your investments the edge they need in a turbulent market.
Start Today!