Thursday, November 7, 2019

#Copper Review $JJC

Copper Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

Copper's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Subscriber Comments

ALIGNMENT (Price & Volume)

Copper, an interesting setup within the evolution of the trade, is not receiving a lot of attention. Why should it. The headlines keep telling us a recession is coming. Dr Copper, however, is telling a different story. While copper's composite trend remains in CONSOLIDATION (see matrix), it's rapidly approaching a primary trend flip from consolidation to UP. The primary trend flip will escalate the nibble positions established during the large bullish energy builds in 2018 and 2019. Disciplined traders have been playing copper as it quietly does it thing outside headline narratives.

ENERGY (Diffusion Index)

Copper produced two large energy builds since 2018. The dissipation of these builds, the slow and steady decline of DI2, is fueling the rally towards a primary trend flip.

Participation (ProIndex)

Copper's ProIndex defines the recent rally as professionally driven.

Follow me on Twitter or facebook for further discussion.


Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.