Preliminary structural calculations indicate the Dow is expected to move up until April 13, 2023 (+/- 1 trading day). This is the time frame when Federal Reserve Meeting minutes from March 21-22, 2023 would be scheduled for release on April 12, 2023. Additional data will be required to determine a price target range.
Technical analysts should note that October 3, 2022 – October 4, 2022 and March 16, 2023 contain similar values for the following lower tier technical indicators. Default settings are included.
Commodity channel Index CCI (periods =14)
Stochastic %D (periods=15,%K avg=3,%D=3)
Volume Oscillator OSCV (fast avg=9, slow avg=18)
Relative Momentum Index RMI (periods=20,momentum=5)
Relative Strength Index RSI (periods=15)