Scott Schlegel’s Stock Market Indicators – August 22nd, 2019

Ultra short term is neutral.
Short term slightly overbought.
Medium term is slightly oversold.
Long term is neutral.

If J-Hole doesn’t yield some fresh money printin’, this puppy is rolling over like it wants its belly rubbed. For the most part, the selling has abated. However, we never really reached exhaustive selling judging by my medium term indicator. That’s a shame.