Scott Schlegel’s Stock Market Indicators – February 10th, 2020

Here are the latest readings from my stock market indicators. Nothing too telling right here.

Ultra short term is neutral.
Short term remains slightly overbought.
Medium term is slightly oversold.
Long term is slightly overbought.
As a bonus, I included this long term channel view of the S&P 500. We’re apparently nearing the upper channel of this Log scale chart. In addition, the long term RSI is reaching overobought levels. That said, it does appear there’s still some room to cover to hit the upper bound.