Dow 1-hour futures structural calculations indicate a very brief decline to 31,695 appears to be in progress prior to moving higher. This move resets the timeline and rate of acceleration discussed on March 21, 2023. Futures structural calculations currently indicate the Dow is expected to reach 35,651 by April 18, 2023. Engrbytrade™ daily calculations also continue to indicate the Dow will move higher based on results from March 17, 2023. The March 17th daily results are similar to previous results from December 1, 2021, December 20, 2021, and March 8, 2022.
Stock chart courtesy of StockCharts.com.
