This could be the most important chart in the world for traders now

From All Star Charts:
With the recent selloffs in U.S. markets, let's keep in mind that some other areas of the world have been doing just that for over a month now. It started with Europe and some of the emerging markets the day after the Super Bowl. And since then, some of the economically sensitive commodities have joined in. Most importantly, in my opinion, is what we're seeing from copper – one of my favorite tells out there.
Here is a weekly chart of copper futures. The highs in the chart came back in February of 2011, just a couple months before U.S. stocks peaked and lost over 20% over the next two quarters. Copper continued its decline along with stocks and they both bottomed out together that October.
Since then, U.S. stocks have gone on to hit higher highs, and even all-time highs in some cases like the small caps, mid caps and Dow Transports. Copper, on the other hand, has...
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