Daily engrbytrade™ Dow calculations, very large block trade trends, and structural calculation updates indicate the Dow is expected to move up to 36,262 (+/- 1%) in the futures market before moving lower. A brief pullback to 32,000 is still in order prior to moving higher. Dire warnings from companies such JP Morgan and Goldman Sachs have led investors to quickly sell and provide Market Makers/Exchange Insiders with the inventory (stock) needed to move markets higher over the very short term. Look for this narrative to move from dire warnings to a positive outlook as the Dow moves closer to 36,262. Market Makers/Exchange Insiders will then start selling to investors in preparation for another decline.
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