Correction Likely Below This Level

John Kosar of Asbury Research recaps the previous show he did on June 12, 2023. At that time, the S&P 500 confirmed a bullish breakout on June 1, 2023. Since then, the S&P 500 has risen as high as 4458, before stalling on the upside the past few weeks. The Asbury 6 still remains positive. The SEAF model (Sector ETF Asset Flows) is still indicating an overweight status for Technology and Communication Services.

  • 00:00 Intro
  • 01:55 S&P 500 4383 Likely Next Starting Point Of Tactical Trend
  • 05:08 Asbury 6 Positive Bias
  • 07:24 SEAF Model Favors XLK, XLC, XLF
  • 10:24 Asbury Research Subscription Sale
  • 11:24 Investor Sentiment
  • 13:37 Volatility: Rising VIX Warns Of Correction