Engrbytrade™ daily trade pattern structure calculations indicate a move to dollars is in progress to avoid another decline in the stock market. In 2021 daily Dow structure decline signals occurred on August 24, 2021, September 17, 2021 and October 26, 2021. The result was a 21.9% decline in the Dow between January 4, 2022 and September 30, 2022
Recent daily Dow structure signals occurred on November 21, 2023, December 15, 2023, and March 4, 2024. Based on this series of Dow signals another significant decline is expected to start in 2024. When this decline occurs the U.S. Dollar will move higher, as it did in 2022.
In addition to the daily pattern structure decline signals shown below, public records indicate Jamie Dimon, Jeff Bezos, Mark Zuckerberg, Leon Black, and the Walton Family have sold a substantial sum of company stock.
Stock charts courtesy of StockCharts.com.
Dow structure decline signals
