CUPandHANDLE_CHARTS
$COPX ~ Copper Stocks ETF. Weekly Close. Down -2.35% last week. Dr Copper: COPX was showing the most bullish (ABC) {Wave 2} bottom scenario out of all metals ETFs i follow closely (GDX/SILJ/SPPP/GLD/SLV). COPX is now leading all the metals ETFs higher into Sept 2026. This was as textbook as you will ever see a complete Elliott Wave (5 wave) impulsive fractal structure which unfolded before our eyes off the April 2025 (TACO Tariff) “VIX 60” generational low. COPX was clearly in a (5th wave) blowoff on ungodly sell volume (red) in the last week of Jan 2026 (silver 120usd). Notice the steep uptrend line in gold that started in Sept 2025 was broken to the downside in March 2026. Gold has now broken the downtrend line in Aug 2026 that had been in place since March 2026. Good luck to all. $GLD $GDX $SPY $SLV
1
1
