The Dow daily chart (and 1-hr futures chart) structure between March 1, 2022 and April 20, 2022 is similar to the S&P500 chart structure developed between March 6, 2023 and May 1, 2023. Daily Engrbytrade™ calculations and technical indicators show that upon completion a Dow structure this week that is similar to what was developed between March 1, 2022 and April 21, 2022, a sharp decline is expected with the Dow and S&P500 moving below 31,874 and 3,855 respectively.
Stock charts courtesy of StockCharts.com.
