Short term at middle ground. Medium term bouncing a little, but remains more oversold than overbought. Sum of all time frames still sitting in positive territory at 61%.
Longer term time frames still show us near upper bounds of the last 6 years. Everyone knows it has been volatile, but check out the magnitude of the positive and negative swings since 2009 and compare those the smaller waves from 2006 to 2008.
I run these indicators against only the S&P500 stocks. I also have others that I run against the Russell 3000 composite. The current readings on those are a little less (8 - 10%) than the S&P meaning there is a little current tendency towards "safety."