Market$ CorrelationsICEUS:KC1! Coffee Harvest in Colombia starts in October: Colombia is reported to produce 10-15% of the worlds entire coffee supply, the third largest coffee producer in the world! Speculating ICEUS:KC1! will be +MOVING ABOVE $260. I also speculate ICEUS:KC1! will support the Colombian index NASDAQ:NQCOMC to continue above its $726 highs. Lastly I don't see the present correlation between the NASDAQ:NQCOMC and the AMEX:SPY having a negative effect on the US economy; as it pertains to the fears of a USA recession popping up in recent headlines while approaching the Federal Interest rate decision in the days ahead.
