Scott Schlegel’s Stock Market Indicators – February 17th, 2022

Here are the latest readings from my stock market indicators.  

Ultra short term is slightly oversold.

Short term is overbought

Medium term is neutral.  This indicator could be peaking and roll over which may portend further losses for the market.  I’m watching the $VIX which hasn’t reached the same level of panic as we saw with the previous low while the S&P is nearly back at that low.

Long term is slightly oversold.