On February 25, 2023 Dow and S&P500 chart structures between 2018 and 2023 illustrated the expectation that this year would be similar to April through December 1974. Updated estimates indicate the end result would be near 18,000 for the Dow and 2400 for the S&P500. Arrows in the charts below overlay Engrbytrade™ markers based on comparable calculations from 1966 to 1974 and indicate a steady decline is expected until the end of 2023.
Stock charts courtesy of StockCharts.com.
