Scott Schlegel’s Stock Market Indicators – January 25th, 2019

Ultra short term has broken down to new recent lows.
Short term slightly below neutral.
Medium term is slowly building a coil slightly above neutral. All recent highs fail to confirm S&P strength.
This lagging indicator is finally starting to reach back into overbought levels. Oddly in hindsight it did a pretty good job at identifying all recent bottoms since 2011. Maybe it’s not as “laggy” as I thought.