Dow: Modified Structure

Today, shortly after 8:00 a.m. (EST) when an announcement of a deal with the Senate infrastructure group was made, Dow algorithms were modified from a structural decline similar to that of March 2020 to a retracement structure found between November 27, 2007 and December 10, 2007.  A decline is expected with a move down in the futures market to 31,712 (+/- 1%) by August 4, 2021 (+/-1 trading day).

Disclaimer