Most of this week has been like watching paint dry. Sure, there’s movement, but markets feel very “pinned” during the normal session. If we take a step back, however, there are two elements which I believe deserve attention: (1) the price gap still intact from last week; (2) the failure, in most cases, of the intermediate-term trendline from March 23rd. Here are some ETF examples:
![slopechart DIA](https://slopeofhope.com/wp-content/uploads/2020/06/slopechart_DIA-640x343.jpg)
![slopechart IYR](https://slopeofhope.com/wp-content/uploads/2020/06/slopechart_IYR-640x330.jpg)
![slopechart JNK](https://slopeofhope.com/wp-content/uploads/2020/06/slopechart_JNK-1-640x330.jpg)
![slopechart OEF](https://slopeofhope.com/wp-content/uploads/2020/06/slopechart_OEF-640x330.jpg)
![slopechart SPY](https://slopeofhope.com/wp-content/uploads/2020/06/slopechart_SPY-640x330.jpg)