Scott Schlegel’s Stock Market Indicators – 11-15-18

Ultra short term is nearing overbought. Its recent bottom should indicate a tradeable bottom barring any abrupt political or credit market changes.

If short term’s decline ceases here, its positive divergence is a positive sign for a tradeable bottom.

Medium term is in an uptrend. Hopefully the divergence between this peak and the other isn’t a negative sign. We’ll have to monitor to see where it goes.