The Dow’s move down to a low of 31,387.84 on June 10, 2022 places it in a position for an immediate drop below 31,250 to fill a gap that was created in overnight futures trading on May 22, 2022. Based on updated structural calculations and a lack of very large block trading, the Dow is expected to quickly move back up to 32,584 (+/-1%) in the futures market. An absence of big block trades and volatility will continue as the Dow initiates a setup for a significant collapse. This move has the potential of reaching a low of 23,262 (+/- 2%).
Intermarket structural analysis research