On July 19, 2023 the Dow appeared to follow its 2021 structure time frame. The August 1, 2024 change in direction confirms this. If Market Makers and algorithms continue to move markets as they did in 2021, a decline to the 8.92 degree support line is expected. This would be followed by a move upward going into the election.
Note that this information is for educational purposes only and not a recommendation.
Charts courtesy of StockCharts.com.
