It’s Monday afternoon, and given the blasé non-event that Monday’s trading represented, I have precious little to say about the markets. At the risk of proving that point, I’d like to make a remark about each of the six ETF charts below, beneath which I’ve caption a certain circumstance that would help the bearish cause. The more of these that are obeyed, the better it’s going to be for the ursine set.
A failure of the lower horizontalMust stay beneath the horizontalMust stay beneath the horizontalMust stay beneath the broken trendlineClose below the broken trendlineStay beneath the higher horizontal and, even better, close below the lower one
