What Would Help

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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 horizontal

Must stay beneath the horizontal

Must stay beneath the horizontal

Must stay beneath the broken trendline

Close below the broken trendline

Stay beneath the higher horizontal and, even better, close below the lower one