Long term remains overbought. Medium term is slightly overbought. Short term is overbought.
Long term is slightly overbought. Medium term is slightly oversold. My short term indicator again identified a short term turning point last week when it was oversold. Currently it’s a little above neutral.
Long term overbought, but remains off highs. Medium term is just below neutral. Considering the action of the short term indicator, this will also be headed for very oversold conditions. Short term is oversold.
Long term remains off highs since June while the Dow, S&P and Nasdaq have all made new highs. Medium term is slightly overbought and declining. Short term is getting oversold – only room for about a 10% fall from here.