Leading Indicators messy COPPER FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) COMEX:HG1! Auguraltrader With the current global situation where there are day by day developments, the Leading Indicator panel offers similar dichotomy... The JNK ETF is heading further down -> Bearish for equities. The IWM ETF is likely to push down in a somewhat limited fashion -> Bearish for equities The DJT ETF appears to be bouncing up -> Bullish for equities The VALUG looking for more downside -> Bearish for equities The TIPS ETF is spiking after a gap up, bullish for TIPS -> Inflation is exploding! Ususally bullish for equities, but in this instance, not likely. The TLT ETF is bottom feeding, and there is a MACD bullish divergence -> this suggests that the fear is not yet great enough for a flight to safety. Not yet. The VIX just broke out of a trend line and is pushing towards 45. The HG1! copper futures suggest an anomalous accumulation of copper , maybe forerunning the equities market upwards, but otherwise, if a general reflection of commodities rocketing in prices. Overall, Bearish bias on equities, with the chance of a quick rebound soon... but not before a spike down first. Totally tied to the Russian Ukraine events for now.