Daily Stock Market Update. June 2nd, 2014. InvestWithAlex.com

6/2/2014 – A mixed day with the Dow Jones up 26 points (+0.16%) and the Nasdaq down 5 points (-0.13%)

I haven’t heard anyone else mention this, at least not yet, but it appears that the Nasdaq might be building a fairly large Head-And-Shoulders trading pattern. With the left shoulder starting on December 12th, 2013, top of the head appearing in early March and the start of the right shoulder developing from the April 11th bottom. Plus, if we take TIME symmetry into consideration, the right shoulder doesn’t have that much more time to complete itself.

What does all of that mean?

Typically, head and shoulder patterns develop and set off major trend shifts. Basically, if the Nasdaq ends up completing this pattern over the next few trading weeks/months and then proceeds to breakdown below 4,000, there will be hell to pay on the downside. As you know from my previous posts, the fundamentals and various other market divergences tend to support this hypothesis.

Not only that, this is further confirmed by my mathematical and timing work. Again, my work shows a severe bear market between 2014-2017. When it starts it will very quickly retrace most of the gains accrued over the last few years. If you would be interested in learning exactly when the bear market will start (to the day) and its subsequent internal composition, please CLICK HERE

(***Please Note: Due to my obligations to my Subscribers I am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, please Click Here). Daily Stock Market Update. June 2nd, 2014 InvestWithAlex.com

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