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Scott Schlegel’s Stock Market Indicators – August 3rd, 2020

03 August 2020
Ultra short term is neutral. Peak is lagging recent peaks.
Short term is neutral.
Medium term is slightly overbought and lagging recent peaks.
Long term is slightly oversold.
S&P is still filling the gap left on Monday February 24th. In order to completely close it, the S&P-500 needs to reach about 3337. It’s currently at 3294.

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