As the Dow chart structure shown below continues to develop, long term Engrbytrade™ trade markers point to a low in October 2024. Whether by design, or a result of built-in programming, this 1997 – 2023 Dow structure appears to provide an indication of where this chart will ultimately end. Prior to moving lower the Dow is expected to hit 37,744 (+/-1%) by October 5, 2023 (+/-1 trading day).
Stock chart courtesy of StockCharts.com.
