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Scott Schlegel’s Stock Market Indicators – October 14th, 2019

14 October 2019
Slightly overbought
Short term neural.
Medium term slightly oversold
Long term is neutral

The Indicators are showing a bit conflicted information. Overall, the medium term indicator could most definitely turn lower and it’s an odd confluence of a record high S&P with a fairly oversold medium term indicator. The medium term indicator typically should bottom with S&P bottoms. The internals are detached from the majors.

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