Options Wonderland

[Fox13]

Hey 3x! Here is something very different: If the demand for copper (JJC) predicts general markets (even short-term), then this chart might have some fundamental backup and some practical value. In it: convergence = later SPX down; divergence = later SPX up. Entry points, on second vertical line. The timing of entries is not a “must” primary signal, but rather a validation of some other directional unambiguous signals. Obviously, it is to be followed only when SPX is reversing and JJC is still engaged in the previously established trend. What it says now is probably against charts and common wisdom. But one could wait and see whether it will validate some surprising UP MOVE.

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Short term trends on chart are software-established regression channels. No wishful “painting” involved …