Scott Schlegel’s Stock Market Indicators – 12/16/18

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.