Scott Schlegel’s Stock Market Indicators – June 6th, 2019

Ultra short term is neutral to slightly oversold.
Short term is slightly overbought.
Medium term oddly remains slightly oversold.
Long term is neutral.

Overall my indicators are giving mixed signals. In spite of a 4% S&P rally, the medium term indicator hasn’t really moved up. Today and yesterday the ultra short term indicator declined indicating some loss of breadth into the increase.