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Scott Schlegel’s Stock Market Indicators – August 29th, 2020

29 August 2020
Ultra short term slightly overbought
Short term mostly neutral
Medium term neutral
Long term neutral

My indicators are not leaning heavily one way or another. The one biggest discrepancy is the apparent weakness in my medium term indicator when compared to the S&P.

This could be considered “bullish” or “bearish” as eventually many of the S&P and Dow headline stocks may correct with the rest of the market, or the rest of the market may rally while those correct.

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