A negative day with the Dow Jones down 13 points (-0.08%) and the Nasdaq down 34 points (-0.83%).
The Dow volume remained low as share distribution continued. Even though both the S&P and the Dow are sitting just a smidge away from their all time highs, that in itself doesn’t tell the whole story. For instance, please note a possible head and shoulder technical pattern developing on the Dow. All we need now is a quick leg to the downside to finish a textbook head and shoulders. Such patterns, of course, are indicative and most often seen at stock market tops. What follows thereafter is typically fairly ugly.
This sort of thinking is further confirmed by our mathematical and timing work as it continues to show that the bear market of 2014-2017 is just around the corner. 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).
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