If S&P 500 3900 Holds, Could Be A Good 4th Quarter
Chief Investment Strategist John Kosar, CMT appeared Wednesday, September 14th on the TD Ameritrade Network‘s Market On Close show to discuss Asbury Research’s latest outlook for the US stock market.
“The minor trend in the benchmark S&P 500 (SPX) turned positive or bullish on Friday as the benchmark index rose back above its 50-day moving average, but that trend change is tenuous right now. The major trend remains negative or bearish below major overhead resistance at 4275 to 4279, which is 5.2% above the market. However, if this major trend is still healthy and intact, it should resume by the early to middle part of next week,” says John Kosar.