On October 8, 2024 it was noted that Market Makers took deliberate steps to follow the 2021 Dow chart structure. It also appears they are using algorithms, intentionally or not, to reproduce mathematical relationships with the 2018 Dow chart structure. The Dow’s intermarket relationship with Non-Commercial Trader 10-Yr Note interest rate positions indicates Market Makers are expecting a stock market decline.
Note that this information is for educational purposes only and not a recommendation.
Index charts courtesy of StockCharts.com.
