VOL. I · NO. 119 · standardpoorly.comTHU · MAY 28 · 2026FORWARD HORIZON · 1 d / 1 wk / 1 mo / 3 mo
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StandardtechnicalSP-4487

Copper RSI(14)

14-day RSI on copper futures. Copper as industrial-demand bellwether extremes here often lead SPY by weeks.

the verdict —
At the 252d horizon, this signal hits in the predicted direction 53% of fires. Mean SPY forward return when it lights: +0.57%. Status: OOS validated. n = 6188. Bullish on the underlying when fired.
What to watch when it fires
FCX

Current state

Latest value · 2026-05-25
61.1
vs ~6 weeks ago
8.6%
vs 60 days ago
21%
vs 7 days ago
10%
last 90 observations · 2026-01-21 2026-05-25

The series — full history

Daily readings, every reading we have. Pick a window with the time-period buttons; flip to candles via the global toggle in the masthead (or press C). Toggle the SPY overlay to see how this series and the S&P 500 have moved together.

Copper RSI(14)
61.11 +11.92 (+24.24%) over 1Y
Hover for date + value · Toggle SPY to compare relative move
79.6165.3651.1136.8722.62May 25Aug 25Nov 25Feb 26May 26
2025-05-30 → 2026-05-25 · 252 bars

What it has historically predicted

Historically barely better than chance over the next year. We surface this for transparency, not because we'd trade on it.

50%
−0.01%
1 d
49%
−0.08%
1 wk
52%
−0.33%
1 mo
52%
+0.49%
3 mo
53%
+0.91%
6 mo
53%
+0.57%
1 yr

Beyond SPY — how this signal performs across markets

Same fire days, different forward returns. Each row asks: when this signal fires, what does that asset do? The big number is the average return; underneath is how often the asset moved the same direction as the signal (50% would be a coin flip).

target
1 d
1 wk
1 mo
3 mo
6 mo
1 yr
SPY
S&P 500 ETF
n=6,188
-0.01%
50% same direction
-0.08%
49% same direction
-0.33%
48% same direction
+0.49%
52% same direction
+0.91%
53% same direction
+0.57%
53% same direction
WTI
crude oil
n=6,377
-0.08%
49% same direction
-0.18%
49% same direction
+1.3%
53% same direction
+3.0%
57% same direction
+2.8%
54% same direction
+3.9%
54% same direction
Analyst · 6 moreGold · BTC · Copper · DXY · MOVE · VNQ see the full 8-target matrix with bootstrap confidence intervals.Join waitlist →

Each fire in history — when the signal popped, what SPY did next

Each bar is one historical fire — the indicator's value moved 2.5+ standard deviations from its rolling 180 trading-day mean (~9 months), or for monotonic “days since” indicators, crossed an 80th/90th/95th/99th percentile. Bar height = SPY's forward return at the selected horizon, signed by signal direction. Green above zero means the market moved with the signal; red below zero means it moved against.

horizon:
0 fires · 0% positive · avg +0.00%
⚠ This indicator hasn't fired since 2025-07-31 (301 calendar days ago). Currently quiet — chart shows historical fires only.
−5.0%−2.5%0%+2.5%+5.0%
Each bar = one fire day (|z|≥2.5 from 180-day rolling baseline). Bar height = SPY return over the the next year, signed by signal direction. Dashed line = average across fires.
shaded cell = each row's strongest horizon (green = bullish forward return, red = bearish)“same direction” means the asset moved the same way the signal moved — opposite of a coin flip.