After the Dow dropped on September 15, 2022 with a gap opening in after-hours futures trading it was observed that within 24 hours of this gap opening the Dow moved back up to fill it on September 16, 2022. It was also observed that very large blocks were crossing the tape in after-hours trading as the Dow moved up on the 16th. Based on these observations, daily engrbytrade™ Dow calculations, and daily futures trading calculations the Dow is expected to continue moving to its lower trend line shown below.
Charts courtesy of StockCharts.com.
