The Schwab Network’s Morning Trade Live | August 22nd, 2023

The “Asbury 6” Goes Completely Negative

The Asbury 6 turned negative on August 4th. John Kosar discusses the Asbury 6 and what levels to watch for. He talks about how the Asbury 6 uses fundamental influences and follows asset flows. He goes over how he is waiting for some indication of a bottom and uses technical metrics to determine where to buy. He then looks at bonds which are at a historic level right now. He notes that this could put a lot of downward pressure on the stock market. Tune in to find out more about the stock market today.

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