Could Be Bottoms Up If Stocks, Doc Copper, and Oil Reverse Higher Here!

The past couple of months has delivered a lot of bad news for investors.

Several key ingredients to a healthy bull market have fallen sharply, including stocks, Doc Copper, and Crude Oil.

In fact, all 3 have entered bear market territory in 2020.

For the year, the S&P 500 Index is down 25.4%, Copper is down 21.3%, and Crude Oil is down 58.7%. Yikes!

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Relief in sight? Perhaps.

In today’s 3-pack, Joe Friday looks at these assets and says, “Quality rallies could start at these support levels.”

The S&P 500, Doc Copper, and Crude Oil are all testing important support at each (1). If all 3 hold at support, one should expect to see some nice gains take place. Stay tuned!

S&P 500, Copper, and Crude Oil Testing Key Price Support

stock market bottom copper crude oil price support reversal levels chart image

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Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.