15 Mar Scott Schlegel’s Stock Market Indicators – March 15th, 2020

Posted at 22:21h in Uncategorized by
Ultra short back to neutral
Short term historically low oversold levels
Medium term historically low oversold levels
For those attempting to stab a bottom here, it would be nice for this to be remotely close to historic lows. But it’s not. Traditionally this does lag bottoms a bit, but not by that much.

The best case scenario is for all these stock market indicators to line up at low values, and for the medium term to stay above its previous lows while major indices reach new lows. This doesn’t necessarily mean we haven’t bottomed, but it does mean it’s not yet a high probability entry point. Can’t argue with the prior success of the medium term indicator at values like this though.