Dow: Brief Decline

Chart courtesy of StockCharts.com.

Underlying data indicates Market Makers were engaged in a meaningful level of accumulation at the close on December 14, 2021.  This accumulation relative to daily engrbytrade™ Dow calculations indicates positioning within a broadening formation shown above will result in a brief decline to a range between 34389 and 34559 in the futures market before moving to higher levels.

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