Scott Schlegel’s Stock Market Indicators – November 22nd, 2020

Ultra short term is neutral
Short term is overbought
Medium term has only been more overbought a few times the last five years
Long term is slightly overbought

Overall, it’s not a great time to buy. That doesn’t mean a top is in, but does mean lots of the gains from March have been made and it is more risky to enter here.