On July 28, 2021 the Federal Reserve issued a policy directive to complete a 1993 to 2021 Dow structure. The Dow is expected to move to 38,000 (+/- 1%) in August 2021. Following this move, the Federal Reserve should make a decision to raise margin rates during their Economic Policy Symposium in Jackson Hole, Wyoming on August 26-28, 2021. Retail traders will be fully invested as institutional traders complete their liquidation of equities. A significant decline is planned for the last quarter of 2021.
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