Dow: Filling August Gaps

The Dow is moving lower in an attempt to close a gap in the 5-minute futures chart that was created on August 10, 2022 between 32,840 and 32,955. The next move would be upward in order to fill various gaps created in the 5-minute futures chart between August 16, 2022 and August 19, 2022. In order to fill the gaps at higher levels, a move up to 34,187 will be needed. This means a quick move up with significant distributions by Market Makers would form a double top in the Dow prior to making a significant decline.

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