Dr. Lumber?

Here's the ETF (thank you everyone) CUT, for lumber/timber. Here's how it compares to the SPY/S&P (in red).

 Daily long term, it called the 2010 QE 2 bottom and started trending up while the market was still working on its low. In 2011 at the top, it started trending down while the S&P was still working its way sideways. Right now Cut is making lower lows/highs, implying a move down while the market went on to make a new high for the consolidation.

 60 min chart shows CUT trending lower while the market was making a new consolidation high.

The same can be seen on this 15 min chart.

We'll see shortly if Lumber is the new Copper.