The March 29, 2022 to May 20, 2022 daily Dow futures chart structure is very similar to the December 11, 2007 to January 22, 2008 structure. In the Dow 2 hour futures chart between April 21, 2022 and May 20, 2022 a decline developed that was similar to the engrbytrade Eight Point Trading Model(TM) shown below. Daily engrbytrade™ Dow calculations continue to show a move upward is expected with a retracement from 31,261 to 33,010 (+/-2%). To put 2022 into perspective, the decline from April 21, 2022 to May 20, 2022 is 2.22 times larger than the decline from December 11, 2007 to January 22, 2008.
