Today’s review indicates an attempt is in progress to complete a falling wedge. This could lead to filling gaps created on September 3, 2022 and August 22, 2022.
Chart courtesy of StockCharts.com.
Dow: September Falling Wedge
Dow: Market Structures Repeating
The Engrbytrade hypothesis is that market structures are created and implemented during the course of predetermined time frames. This is based on observations that market structures continue to repeat. The current Dow futures structure is in the process of developing (and potentially repeating) a 12 calendar day structure similar to that of the 15-minute futures chart starting on 6:30 p.m. on June 12, 2022 to 10:45 a.m. on June 24, 2022. This does not mean the current futures structure will have a 12 day timeline. Financial market structures are not natural, such as a Fibonacci sequence, due to external adjustments made by algorithms or those who control prices and timelines. This is why time frames and price targets will continue to change. Current calculations show the Dow starting to fill the gap created on September 13, 2022 by September 27, 2022. Price and timelines are subject to change and updates will be provided as this structure develops.
Dow: September 13 Gap Update
Current calculations show the Dow futures index rate of acceleration indicates a fill for the gap generated on September 13, 2022 at 08:30 a.m. is expected after the NYSE market close on September 26, 2022.
Dow: September 13 Gap
Dow futures are moving quickly to fill a gap created on September 13, 2022 at 8:30 a.m. At the current rate of rise, it is expected that this gap will be filled by Friday, September 23, 2022.
Chart courtesy of StockCharts.com.
Dow: Brief Move Up
Note that a brief move up between September 20, 2022 and September 21, 2022 (during the FOMC meeting) is expected before making a sharp decline to the lower trend line shown below.
Chart courtesy of StockCharts.com.
SP500/Dow: 1929 Weekly Chart
The last 3 weeks of this SPX weekly chart look similar to the Dow weekly chart between September 30, 1929 and October 19, 1929.
Chart courtesy of StockCharts.com.
Dow: 24 Hour Gap
After the Dow dropped on September 15, 2022 with a gap opening in after-hours futures trading it was observed that within 24 hours of this gap opening the Dow moved back up to fill it on September 16, 2022. It was also observed that very large blocks were crossing the tape in after-hours trading as the Dow moved up on the 16th. Based on these observations, daily engrbytrade™ Dow calculations, and daily futures trading calculations the Dow is expected to continue moving to its lower trend line shown below.
Charts courtesy of StockCharts.com.
Dow: June 12, 2022
On September 15, 2022 at 6:00 p.m. EST a gap down in the Dow futures chart appeared. This action is similar to what occurred on June 12, 2022 at 6:00 p.m. EST. The Dow is expected to move down to 28,792 in the futures market before moving above 32,688 at a later date in order to fill the gap created on September 13, 2022.
Chart courtesy of StockCharts.com.
Dow: 30,981
The Dow is expected to drop to 30,981 before starting a move back above 32,688.
Dow: Inverse Eight Point
When the Consumer Price Index figures were announced on September 13, 2022, a sharp drop left a large gap below 32,688 in the Dow futures chart. This morning an engrbytrade Inverse Eight Point Trading Model™ is developing in the 15 minute Dow futures chart. It is expected that this large gap will be filled with a move back above 32,688.
Dow: Repeat Performance
The one minute #DowJones chart is in the process of repeating a structure similar to the engrbytrade Eight Point Trading Model™ noted on September 12, 2022 and it appears to be moving toward point 7. Point 0 start time is 11:03 a.m. EST.
Dow: September 11, 2022 Gap
The Dow futures gap created on September 11, 2022 has been filled.
Dow: August 10, 2022
On Monday, September 13, 2022 daily engrbytrade™ Dow calculations indicate Market Makers implemented changes to put the Dow in a position similar to where it was on August 10, 2022.
Dow: One Minute Chart – Point 8
The one minute #DowJones chart is in the process of completing a structure similar to the engrbytrade Eight Point Trading Model(tm) and appears to be moving toward point 8.
Update: Point 0 to Point 8 time frame = 1:31 p.m. to 4:00 p.m. EST
Dow: 32,364 – 32,450
On September 9, 2022 the following was noted on Twitter.
“The #DowJones is expected to move up between 32,364 and 32,450 before moving down below 30,000.”
Stock chart courtesy of StockCharts.com.
SP500: Charles Nenner
Charles Nenner on the S&P 500, Dow, Gold, and Bitcoin.
The Dow and S&P 500 decline in September/October 2022 with a tradable low in the first quarter of 2023. They will move up into March 2023 before making a serious move to the downside.
Gold moves lower in September.
Bitcoin moves up until the beginning of October 2022, then it will continue to move lower.
Dow: September 5, 2022 Adjustment
The adjustment noted on September 5, 2022 for a close of 15,908 (+/- 4%) [15,271.68 to 16,544.32 range] with a decline in the stock markets accelerating in late September 2022 and collapsing going into October and November 2022 is based on the following.
- The Dow has moved past point 8 of the engrbytrade Eight Point Trading ModelTM and is in a similar position to where it was in September 2008.
- In the charts shown above and below, points of origin for a four year time frame using a 20.65 degree drop below the X axis and originating from February 23, 2009 and February 9, 2018 indicate the Dow is expected to have a significant decline in 2022. It is possible the 2022 decline could roll over into the first quarter of 2023, but additional data will be needed to make that determination. The scale of the decline in 2022 will be proportional to that of 2008.
- Daily calcs identified significant (Market Maker) selling occurred in November 2021. This was followed by a move down to the 30,000 range with very little buying during this decline.
- As the Dow moved up between July and August 2022 daily calcs identified significant (Market Maker) selling again prior to rolling over indicating a move to lower levels.
Stock charts courtesy of StockCharts.com.
Dow: October 2022
The global economic collapse is accelerating as the U.S. moves into its final month of FY22. The following short list provides some perspective of how unstable the world has become.
- Russia continues to invade Ukraine.
- Foreign capital is being transferred to the U.S. due to negative interest rates in Europe and the war in Ukraine.
- Foreign investors continue to buy U.S. real estate, stocks and bonds.
- The Fed continues to print Dollars and send them overseas.
- Currently, there is no alternative to the Dollar.
- The Biden admin destroyed energy markets.
- European pension funds are broke due to requirements forcing them to invest in Government bonds.
- China is converting to a War economy.
This instability will ramp up quickly in September as the Fed continues to raise interest rates while European industries and stock markets collapse, and international problems surrounding Taiwan and the South China Sea increase. A sharp decline in the stock markets is expected to start in late September and continue going into October and November 2022. Engrbytrade structural calculation updates indicate the Dow can fall to 15,908 (+/- 4%).
June 1, 2022 warning from Jamie Dimon
Jamie Dimon Says Get Ready for an Economic ‘Hurricane’
Dow: April 21, 2022
On Friday August 26, 2022 a bearish engulfing candle appeared along with daily engrbytrade™ Dow calculations showing results that are similar to what occurred on April 21, 2022. After several weeks of Market Maker distributions in July and August the Dow is expected to continue moving lower through September 2022. This move will provide a path to lower trend lines shown in the chart above.
Stock chart courtesy of StockCharts.com.
Dow: Filling August Gaps
The Dow is moving lower in an attempt to close a gap in the 5-minute futures chart that was created on August 10, 2022 between 32,840 and 32,955. The next move would be upward in order to fill various gaps created in the 5-minute futures chart between August 16, 2022 and August 19, 2022. In order to fill the gaps at higher levels, a move up to 34,187 will be needed. This means a quick move up with significant distributions by Market Makers would form a double top in the Dow prior to making a significant decline.
Dow/SP500: Distribution of Stock
Since July 19, 2022 daily engrbytrade™ Dow and S&P500 calculations have revealed an underlying trend of significant selling that is similar to what occurred between October 21, 2021 and November 11, 2021. The rate and scale of Market Makers distributing stock indicates a move to significantly lower levels is expected during the last half of 2022.
Stock charts courtesy of StockCharts.com.
Dow: September 2023
Engrbytrade structural calculations from 1966 to 1974, 1998 to 2009 and 2015 to 2022 have provided sufficient data for a preliminary estimate indicating the Dow is expected to fall to 16,500 (+/- 4%) by September 29, 2023.
Dow: Inverse Index Groups
Market Makers are currently moving the Dow, S&P 500, and NASDAQ indices higher in order to fill gaps in their related inverse index groups. It was observed that gaps occurred in various daily inverse index groups on April 6, 2022 (PSQ, QID, REW, SQQQ) and April 22, 2022 (DOG, DXD, RXD, SDOW, SKF). The Dow 30 inverse index shown above illustrates a process Market Makers are using with a rising wedge show below in order to fill gaps created on April 22, 2022. This process also aligns with the July 28, 2022 post and an expectation of reaching point eight of the Engrbytrade Eight Point Trading Model (discussed previously) between August 4, 2022 and August 16, 2022 within a trading range of 33,913 (+/- 1.5%) before moving lower.
Note that this information is for educational purposes only and not a recommendation.
Chart courtesy of StockCharts.com.
Stock chart courtesy of StockCharts.com.
Dow: Futures Bearish Candle
On August 9, 2022 the Dow daily futures index closed with an engulfing bearish candle. This indicates the Dow has hit its final peak in the Engrbytrade Eight Point Trading Model, as shown in the above chart. Based on this structure the Dow is expected to move down to 23,032 by October 28, 2022.
Chart courtesy of StockCharts.com.
Dow: August – October 2022
The Dow is within the August 4, 2022 to August 16, 2022 date range as noted on July 28, 2022. August 5, 2022 daily engrbytrade™ Dow calculations confirmed August 4, 2022 is a turning point that will start a decline. The upcoming decline is expected to be similar to what occurred between August 8, 2008 and October 10, 2008.