Copper lows have a high correlation with NYSE Composite lows for almost three years at line (1) above….when Copper hits a low, so has the NYSE since 2010.
CLICK ON CHART TO ENLARGE
Now Copper is back at this support line. If history is a good guide, Copper needs to hold again at support to keep the NYSE from falling any lower!
While so many are focused on the “Fiscal Cliff”….what Copper does in the near term is more important than all the hype regarding this topic! Keep your eye on Copper right now!!!