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Feb 28th, 2010: Copper Signaling New SP-500 Highs?

Posted by pugsma on March 1, 2010

8:00pm EST:   Wow, Copper Futures are up over 5% this evening about to set new 2010 high.  This could be Gap-and-Go for Monday.  Copper could be forecasting a new SP-500 high yet to come.  Copper often leads the market higher as my good friend Piotr has indicated.  Piotr likes to call it Dr Copper, helping us to forecast the SP-500 direction ahead.

I also re-counted copper on the daily chart and it looks like we could be in the wave [5] to new highs.

Copper Futures 60-min Chart (2-28-10):

Copper Futures Daily Chart (2-28-10):

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