As noted on June 27, 2022, the Dow is in the process of completing an Eight Point Trading ModelTM structure. The 2022 Dow structure has similar design attributes as the smaller version from 2007-2008 and, based on its current position, a move above the June 1, 2022 high of 33,272 is expected to occur. Additional futures market data will be needed to identify reference point 8 where the Dow is expected to start moving lower.
Charts courtesy of StockCharts.com.
