Scott Schlegel’s Stock Market Indicators – 6-17-18

Medium term is overbought and seemingly at its recent peak level. It is slightly lagging the S&P given its recent high is less than one made over a month ago. This shows some disconnect between the broader market and the SP-500.

Short term seems to have broken down out of its ascending trend.

Ultra short term is at neutral levels. Oscillating with no clear direction lately.