Scott Schlegel’s Stock Market Indicators – 7/19/2019

Ultra short term is neutral and remains in a decided downtrend
Short term is neutral
Medium term is neutral and declining
Continued flatline of this indicator. Quite rare and bizarre activity.

It did some similar activity in early to mid 2000 with the slow / flat ascent during the final peak. Around July 2000 it broke up out of the flatline and ascended until corresponding with the peak around 9/27/2000.

It also looks like there was a good amount of flat behavior in 2013 – although that was pegged at 65% so perhaps a bit different.