Scott Schlegel’s Stock Market Indicators – May 13th, 2019

Ultra short term is approaching very oversold levels.
Short term is decidedly more neutral at this stage.
Medium term is also more neutral and actually not even close to oversold levels.
Long term has nearly rallied back to neutral. This all along has shown this rally to be quite thin.

Seasonality is beginning to work against stocks with half of May and June ahead. The rate of this sell-off has been steep and unanticipated by me. That said, the VIX is not seeming to show much panic. So either that is to come soon, or we’re close to a short term bottom.