Dow: Futures Bearish Candle

On August 9, 2022 the Dow daily futures index closed with an engulfing bearish candle. This indicates the Dow has hit its final peak in the Engrbytrade Eight Point Trading Model, as shown in the above chart.  Based on this structure the Dow is expected to move down to 23,032 by October 28, 2022.

Chart courtesy of StockCharts.com.

Disclaimer