StockCharts.com’s Your Daily 5: July 11, 2023
Correction Likely Below This Level| John Kosar, CMT
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.
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