A strong down day with the Dow Jones down 138 points (-0.83%) and the Nasdaq down 29 points (-0.70%)
Despite today’s sell off the market remains within its tight trading range. Yet, today’s sell off and other seasonal factors should raise a number of red flags. For instance, the market is fast approaching its important short-term support at 16,300. Once broken, it might present us with the ominous sign of what is to come for the overall market.
Plus, the now famous saying “Sell In May And Go Away” didn’t just appear out of thin air. There is a certain cyclical composition within the stock market structure that sets it off in May of each year. (Hint….find out when the market first started trading).
With that said, the market left a number of gaps to the upside since starting it’s decline on May 13th. Suggesting an upcoming rally. Which side (bull or bear) will prevail over the next few weeks? That in itself is not very relevant. What is relevant is that a vicious bear market of 2014-2017 is just around the corner.
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. May 20th, 2014. InvestWithAlex.com
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