Ultra short term is slightly oversold Short term is slightly overbought Medium term is overbought and lagging recent peaks.  Highly divergent from S&P. Long term is more overbought than it has ever been

Ultra short term is neutral Short term is neutral Medium term is slightly overbought Long term has set all time highs. 

Ultra short term is neutral Short term is neutral Medium term is overbought.   Long term is extremely overbought.  Highest levels since 2009. 

Ultra short is neutral Short term is slightly overbought Medium term is overbought Long term is overbought

Summing it all up, it is not a highly probable entry point for future profits on the long side.

Ultra short is overbought Short term is slightly overbought Medium term is extremely overbought Long term is on its way to being extremely overbought

Ultra short term is slightly oversold Short term is overbought Medium term is overbought Long term is overbought

Overall, it’s not a great time to buy. That doesn’t mean a top is in, but does mean lots of the gains from March have been made and it is more risky to enter here.

Overall, the indicators are telling us that it is not a high probability of future positive returns. That said, my indicators are never that great for identifying sell points. There are no changes in monetary policy expected. Gridlock in DC is typically beneficial for the stock markets.

Ultra short term is slightly overbought Short term is overbought Medium term is slightly oversold Long term is slightly overbought