This is just a "hmmm….interesting" kind of thing I saw. The last couple of times the market bottomed, the trendline drawn below on the ERY (the triple-bearish ETF on energies) was tagged perfectly. If the hallowed day arrives that we start to fall in earnest again, I'm going to be watching for a third tag of this line as a signal to cover and go long.
![](https://slopeofhope.com/wp-content/themes/slope-of-hope/assets/img/tag.png)