The criminal bulls did their best to bid up this grotesquely overvalued house of cards, but at the moment, they have totally failed.
![](https://slopeofhope.com/wp-content/uploads/2023/02/RTYCRACK-640x370.jpg)
We can see here the /ES (festooned with the prancing, mincing permabull Tom Lee) has slipped to session lows (again, at the moment; I trust this market about as far as I can throw it).
![](https://slopeofhope.com/wp-content/uploads/2023/02/FAGGY-640x373.jpg)
The /NQ (in this case, festooned with the megalomaniacal Chamath Pdusoiuetiouweo) disappointed bulls near and far.
![](https://slopeofhope.com/wp-content/uploads/2023/02/NQNQ-640x369.jpg)
Looking at the somewhat longer-term, the /ES has cracked to a new low for the month, which is splendid.
![](https://slopeofhope.com/wp-content/uploads/2023/02/newbreak-640x371.jpg)
I am most heavily short energy stocks, but I’ve got some tech in there as well. I remain with 20 bearish positions with an average days-to-expiration of 151.