The Dow is still in the process of completing an Engrbytrade Eight Point Trading Model, as noted on June 27, 2022. On Friday, July 1, 2022 the Dow and S&P 500 closed with an engulfing bullish candle pattern. Based on this pattern, daily calculations indicate the Dow is expected to move up to 33,268 (+/- 1%). Weekly calculations indicate a potential exists to move above 35,000, but additional data will be needed to confirm this.
Chart courtesy of StockCharts.com.