16 Dec Scott Schlegel’s Stock Market Indicators – 12/16/18
Posted at 21:40h
in Trading
Long term is still not oversold by previous historical standards. Note that this typically is a lagging indicator.
Medium term is slightly oversold. Oddly, S&P-500 has made new lows but this indicator has not. It might be seen as a positive sign.
Short term has bounced a little and is slightly oversold.
Ultra Short term is oversold. Slightly above recent lows.