Scott Schlegel’s Stock Market Indicators – January 29th, 2019

Ultra Short Term is neutral. Oddly it has fallen off quite a bit since its high in early January.
The same comments from the Ultra Short Term Indicator apply to the Short Term Indicator.
Medium Term Indicator is overbought.
Long Term Indicator is oversold. Oddly it has not hit lows reached since this epic Bull Market began in 2009. That could be a clue that the market may head back to recent lows to see if they hold. Time will tell.