CLICK ON CHART TO ENLARGE
Nine days ago the Power of the Pattern suggested that Copper could drag the 500 index lower (see post here)
Copper is often viewed as a predictor of the “Economic Weather” that is about to come. Copper is breaking key support and below is flag pattern at (1) above. In the past Copper breakdowns have suggested a slowing global economy!
the three yr chart looks like a big head and shoulder formation.