Scott Schlegel’s Stock Market Indicators – July 13th, 2020

Ultra short term is neutral. It’s peaks and lows are forming a bit of a pennant pattern that could go either way.
Short term is neutral. Its peaks and lows are also forming a bit of pennant pattern. Again, could break either way.
Medium term is neutral but from a bearish standpoint it is significantly lagging the peaks found much earlier in this rally that started in March.
Long term is oversold.