Yesterday? It completely unraveled — down almost 20% in a single session, marking its worst day ever.
You don’t see swings like that often.
Big moves in both directions like this tend not to occur in the middle of trends. This kind of price action tends to show up at inflection points, or turns in the trend.
And as things currently stand, we’re looking at a failed breakout in Copper and the potential for a fast move in the opposite direction.
In other words, this turning point volatility is being accompanied by turning point pattern analysis.
So now what?
What we’re really watching is how China and EM react.
Copper, EM, and China have always moved together.
If Copper’s about to get smoked from here… what happens to these stocks?
So far, they’re holding up.
Maybe it was just a reaction to the new tariff headlines. Or maybe something bigger is brewing.
Either way — it’s worth keeping a close eye on.
When it comes to uncovering dirt on stocks, there's no one better than Herb Greenberg.
He joined JC Parets in a special livestream yesterday to discuss why he's always skeptical of stocks, and why you should be too.
