When the Senate approved a Continuing Resolution it deferred the start of a market decline noted on November 30, 2021 to the first quarter of 2022. This approval action aligns with the 1929 peak structure and would place a Dow peak near 38,000 by March 2022. Pending any further action by Congress or the Fed, a significant decline would follow the March peak. Daily engrbytrade™ Dow calculations will track the progress of this move.
Intermarket structural analysis research