Copper has declined close to 7% from its recent highs, which has brought it down to support at (1) in the chart above. 

Game Plan… Am looking to be a buyer of Copper at support, via Copper futures or JJC. JJC needs to decline more before I would pick it up though.  

Should support give way, which it hasn’t at this time, Copper could be sending a “macro clue” on the economy.  Should support give way down stream, will be looking to score on defense via basic materials inverse ETF (SMN)…

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past