Sunday 2/23 Copper -1.35%, JY up, ES down, risk off

Anybody know what's up with copper (maybe it's a delta of front month), my continuous contract shows -1.35%, and ES and JY look like they are attempting a small risk-off move????

Nothing significant happening that I can see on news front.

 

FED is removing liquidity, one taper at a time.

 

Fundamentally: less demand from emerging markets, especially China is resulting in copper's decline.

 

I've been all over this for 6 months now.
http://www.elitetrader.com/vb/showthread.php?p=3944455#post3944455