Structural calculations indicate algorithms are in the process of repeating the late September to early October 2021 chart structure as shown in the charts below. Daily engrbytrade™ calculations confirm this development with updates that include a primary target of 32,210 (+/- 1%) and secondary target of 33,043 (+/- 1%). This rally will provide Market Makers with an opportunity to distribute very large blocks of stock as markets move higher.
Stock chart courtesy of StockCharts.com.
