Calculations based on the actions of market makers and structures they create, reveals a truncated rally with a peak expected in September, 2019. Extreme volatility will be the norm in the last quarter of 2019. Due to this volatility, calculations shown below are preliminary and are subject to change as Market Makers incorporate their adjustments. Overall, a decline in the Dow is expected to continue well into 2020.
Current Projected Scenario (Model #2019-4, Rev.3)
Dow closing price on August 23, 2019: 25,628.90
The Dow is expected to:
1. Move up to 27,605 (+/- 1.0%) by September 20, 2019 (+/- 1 trading day)
2. Move down to 24,870 (+/-1%) by November 4, 2019 (+/- 1 trading day)
3. Move up to 26,558 (+/-1%) by November 19, 2019 (+/- 1 trading day)
4. Move down to 23,505 (+/-1%) by December 24, 2019 (+/- 1 trading day)