As noted on March 29, 2023, Dow algorithms initiated a chart structure on March 24, 2023 at 7:00 a.m. ET to recreate a Dow 1-hour futures chart developed between May 20, 2022 at 1:00 p.m. ET and May 30, 2022 at 5:00 p.m. Since that time, machine driven algorithms include calculations for the structure developed between March 20, 2023 at 4:00 a.m. ET and March 31, 2023 at 10:00 a.m. This is similar to what was constructed between October 6, 2021 at 9:00 a.m. ET and October 19, 2021 at 6:00 a.m. ET. Based on the March 20 – 31, 2023 structure and development rate of speed the Dow is expected to reach 34,306 (+/- 1%) by April 13, 3023 (+/- 1 trading day).
Intermarket structural analysis research