Dr. Copper is almost ready to embark on a SELL of epic proportions - at least that's what the MACD Indicator is telling us. When the blue line crosses over the red line heading down? Oh boy!!
Notice that you are looking at the Monthly Chart. If you check on the web for monthly charts for Copper re MACD history, you will find that when this 'DEATH CROSS' occurs, there is usually a recession (which we will be in sometime over the next several months), a stock meltdown (which we will be in sometime over the next several months), and more or less 'the world is ending' feeling (which we will be in sometime over the next several months).
When you look at the MACD the red and blue line are very very close, and with todays sell off it is getting even closer. I'm not saying that this is a trade that's going to happen next week, but definately sometime over the next few months - just something I'm keeping an eye on to make a lot of money. I hope you do too :-)
HEIKO
Notice that you are looking at the Monthly Chart. If you check on the web for monthly charts for Copper re MACD history, you will find that when this 'DEATH CROSS' occurs, there is usually a recession (which we will be in sometime over the next several months), a stock meltdown (which we will be in sometime over the next several months), and more or less 'the world is ending' feeling (which we will be in sometime over the next several months).
When you look at the MACD the red and blue line are very very close, and with todays sell off it is getting even closer. I'm not saying that this is a trade that's going to happen next week, but definately sometime over the next few months - just something I'm keeping an eye on to make a lot of money. I hope you do too :-)
HEIKO