Historical data has provided sufficient information to develop the following Preliminary Dow Model forecast. If the Dow continues its projected path to August 30, 2019, this model has a very high probability of occurring. Since this work is preliminary, revisions may be necessary as the Dow moves through August.
Current Projected Scenario (Model #2019-4, Rev.0)
Dow closing price on July 19, 2019: 27,154.20
The Dow is expected to:
1. Move up to 28,555 (+/-1.3%) on August 30, 2019 (+/-1 trading day).
2. Decline to 26,612 (+/-2%) on September 27, 2019 (+/- 1 trading day)
3. Move up to 27,815 (+/-2%) on October 9, 2019 (+/- 1 trading day)
4. Decline to hit a daily low of 15,855 (+/-3%) on October 23, 2019 (+/- 1 trading day)