Copper found support at the 10 week and the 40 week line this week.
Is this a bull flag? $HSI is moving higher above its 20 Month MA. India has pulled back recently but is clearly above the 20 month. Looking for a few more markets to get above. All three major European markets are above te 20 month MA. I feel like we are on a knife edge for the market. Global move higher or a substantial pullback right here? I'll be keeping an eye on good ol' Dr. Copper to help tell.
Greg Schnell, CMT