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.
![](https://slopeofhope.com/wp-content/uploads/2023/02/slopechart_DBC-640x345.jpg)
![](https://slopeofhope.com/wp-content/uploads/2023/02/slopechart_EFA-5-640x330.jpg)
![](https://slopeofhope.com/wp-content/uploads/2023/02/slopechart_FXI-2-640x330.jpg)
![](https://slopeofhope.com/wp-content/uploads/2023/02/slopechart_IYR-1-640x330.jpg)
![](https://slopeofhope.com/wp-content/uploads/2023/02/slopechart_SPY-1-1-640x330.jpg)
![](https://slopeofhope.com/wp-content/uploads/2023/02/slopechart_XOP-2-640x330.jpg)