Dow: Indication of a Top

Algorithms appear to have been initiated, modified, or deactivated over the past two trading days. This provided a futures market structure that is similar to what was developed between 3:00 p.m. on January 31, 2020 and 3:00 p.m. on February 12, 2020.  The current structure runs between 10:00 a.m. on May 19, 2021 to 8:00 a.m. on May 27, 2021. This indicates a top was hit today.  There is a 10% chance the Dow will move to 34, 986 (+/- 1%) as discussed on May 26, 2021.

Disclaimer