Scott Schlegel’s Stock Market Indicators – June 30th, 2019

Ultra short term is overbought.
Short term is neutral.
Medium term is slightly overbought.
Long term seems to be slowly rolling over. It could of course ramp upwards from here as well though.

In Summary, many indicators are neutral or slightly overbought meaning this is not an outstanding time to buy; nor is it a terrible time to buy. The summertime is typically low volume and trends prevail until something disturbs the trend. VIX is not at historic lows meaning it could potentially fall further.