20 Jan Scott Schlegel’s Stock Market Indicators – January 20, 2019 Posted at 14:05h in Uncategorized by Scott Schlegel Ultra short term is lagging its recent peak. Slightly overbought at this time. Short term has temporarily diverged from the S&P. It is not overbought. Medium term is extremely overbought. After coming back off of the worst readings in a decade. Long term is finally oversold. Surprisingly given this was the worst correction since 2008 this indicator hasn’t made new lows. That could mean a test is in order.