Your Daily 5: October 21, 2020

John Kosar, Chief Market Strategist at Asbury Research, brings us his 5 most important charts for this week. Starting with the S&P 500 year to date, SPX is testing minor support. So, on the first chart, John analyzes the coiling pattern which indicates investor indecision since September. Next up! Market Internals with the ‘Asbury 6’ which are showing positive. Then, follow Biotech (XBI) “as goes biotech, so should go the US broad market.”

  • SPX 200 and 50 Day MA 0:54
  • Asbury 6 2:30
  • Chart Patterns- SPX Targets 4% Advance 4:46
  • Biotech 6:22
  • SPX YTD 8:32
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