Dow futures hit a low of 31,787 on March 10, 2023. This was 1.3% above a projected high in a target range of 31,071 (+/- 1%) (31,381 – 30,760) on March 10, 2023. It is possible that the Dow may move slightly lower, but daily engrbytrade™ calculations show the Dow turning and moving above its high on December 13, 2022 (34712 on the NYSE). A target of 35,157 (+/- 1 %) is expected. This target is based on Dow calculation results between January and March 2023 being similar to what was produced between October and November of 2021, as discussed on March 7, 2023. A declining trend, similar to 2022, is expected for the first half of 2023. Ultimately, a market collapse planned for September 26, 2023 will take the Dow below 14,000, as shown on February 25, 2023.
Between March and August of 2023 various corporations, banks, and/or brokerages, etc. will fail, just as Enron, WorldCom, Bear Stearns, and Lehman Brothers did during 2001, 2002, and 2008 prior to markets collapsing between September and October. Silvergate and Silicon Valley Bank are just the beginning.