Scott Schlegel’s Stock Market Indicators – 6-3-18

Short term is slightly overbought and is exhibiting a pattern of higher lows and lower highs on the recent rally.

Medium term seems to have decidedly turned lower in spite of marching higher indexes. If this is truly getting close to the end of this recent rally, we’ll continue to see some rotation of funds into the weakest stocks of the recent rally.

Ultra short term is bouncing around like a madman recently. This usually indicates some level of confusion.