Daily Engrbytrade™ Dow calculations discussed on August 6, 2023 were supported with a secondary confirmation in the daily Engrbytrade™ Dow “Change in Direction” calculation on August 8, 2023. A similar change in direction calculation result was received on October 6, 2021.
In addition to this, an observation was made during a review of intraday trading data that Market Makers appeared to be accumulating stock of large cap tech stocks between August 8, 2023 and August 11, 2023, as prices moved sideways during the week.
Stock charts courtesy of StockCharts.com.
