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Scott Schlegel’s Stock Market Indicators – May 24th, 2020

24 May 2020

Please see the latest readings from my proprietary stock market indicators. As usual, the absolute values are not typically as indicative of tops as they are for bottoms. Sometimes they can help by picking up divergences such as those seen in the short and medium term indicators where their behavior isn’t matching that of the mainstream indices.

Ultra short term is slightly overbought
Short term is overbought but is showing weakness compared to the other recent peaks.
Medium term is neutral.
Long term is oversold.

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