The Dow is currently expected to move higher based on changes in U.S. Dollar future positions and recent changes in relative value of the Euro and Silver. The U.S. Dollar and 10-Yr Note are expected to move lower in 2023.
The following charts provide a comparison of 1973 to 2023 turning points. As of September 29, 2023 the Dow is estimated to be in a similar position to where it was on August 22, 1973.
Stock charts courtesy of StockCharts.com.
