Market Diary

Copper and Market (SP500) are highly co-related , copper usually run ahead of the market. When you look at the chart, copper ran 78.6% from the low and market is only 61.8 %. After market crossed over 1100, we can expect market can go to 1125-1130 range in next week or two. VIX now in 20's and can be lower to 17.50 range again

Due to a dragon fly doji on Friday(in Daily) Market can 1. Rally couple of days to the nearest resistance and go down 2.Can Rally and make new highs rest of Feb or through mid of March and make a H&S Pattern as shown in the chart.