FCX-Copper as a leading indicator

FCX/Copper have often been a leading indicator for the market as mentioned last night.

This is a 5-day chart and shows some of the bigger calls copper made as a leading indicator. In 2009 copper bottomed before the market and was already rallying before the SPY (in red) even bottomed. In Q1 of 2010, Copper refused to rally on the second peak, in a negative divergence with the market. Late 2010 Copper topped before the market.

 Here's Coppers Trend Identification, red arrows are lower highs/lower lows (down trend), the last 3 days have been noise signals and noise almost always precedes a change in trend.

 30 min 3C FCX leading divergence

 3C confirmed the downtrend on the 15 min chart and is now n a leading positive divergence.

 Here using my trend channel, there was a buy to cover signal at the green arrow, the red trendline is the Trend Channel's lowest low and thus the point where a signal is given on the close. ADX also turned down from 67, which indicates a change in trend.

Here are some of my daily Demark custom indicators with buy and sell signals.