Daily engrbytrade™ Dow calculations and underlying large block trades indicate the Dow may move higher if a confirmation is received next week. This move is expected to be brief and should stay below the March 29, 2022 high of 35,372.26. If Market Makers move the Dow above its March 29, 2022 high, the April 6, 2022 projected range will need to be revised.
Dow: 31,578 – 31,305
Based on the accelerated rate of change in the Dow it is now expected to move down to a range of 31,578 – 31,305 before making a brief move up.
Dow: 32,604 – 32,521
Trading during the first two hours indicates a move up in the futures market is not expected to occur. The Dow is now expected to move down to a range between 32,604 – 32,521 using a chart structure similar to what was developed between February 11, 2022 and February 24, 2022.
Dow: 35,022 – 35,136
Based on today’s decline in the Dow, a move up in the futures market is expected to reach a range between 35,022 – 35,136 before making a significant move to lower levels.
Dow: 35,340 – 35,361
Structural calculations indicate the Dow will move up between 35,340 and 35361 before making a significant move to lower levels.
Dow: January 4, 2022
The Dow’s action today in the futures market is a repeat performance of January 4, 2022. One more day should be the end before a decline starts.
Dow: April Decline
Preliminary engrbytrade™ structural calculations show the Dow has started to move lower and will continue through the month of April until it reaches 31,453.
Dow: May 19, 2008
At 10:37 a.m. (EST) this morning engrbytrade™ structural calculations indicate the Dow hit a peak that is similar to where it was on May 19, 2008 prior to starting a long decline that year. Even though the Dow hit an all-time high of 36,952 on January 5, 2022, today’s move initiates a process where the ongoing decline will start to accelerate.
Dow: Corporate Insider Holdings
Note that the percentage of shares held by all insiders for each of the following Dow Jones Index companies is less than 1%, while at the current market peak.
Corporate insiders include Officers, Directors, etc.
AAPL, AMGN, AXP, BA, CAT, CSCO, CVX, DIS, DOW,
GS, HD, HON, IBM, INTC, JNJ, JPM, KO, MCD,
MMM, MRK, MSFT, PG, TRV, UNH, V, VZ
Dow: Gap 34,442
In addition to a move to 34,407 in the futures market, calculations also indicate the potential exists for a move to 34,442 in order to fill a gap in the 5 minute chart created before the close on March 17, 2022.
Dow: Falling Wedge
At the time of this post a falling wedge has formed in the 5 minute futures chart with trade price structures indicating a move up out of this wedge is expected. Based on the latest structural calculations it appears Market Makers intend to move the Dow up to 34,407 before starting a long term decline.
Dow: Decision to Move
Based on structural calculation updates, Market Makers appear to have made a decision to move the Dow up to a peak of 34,826 before starting a decline that will last for the remainder of 2022.
Dow: Decline Continues
Structural calculations indicate a decline is expected to continue and reach 31,493 (+/- 1%) in the futures market before making a brief move to the upside.
Dow: Big Block Trades
Market Makers continue to accelerate the timeline with big block trades (>1 million shares) continuously crossing the tape this week as the Dow moves higher. Based on Market Maker actions, structural model calculations currently indicate the Dow is expected to peak and turn down as early as today (March 11, 2022). As noted previously, a significant decline is expected to start and last until the end of 2022.
Dow: Accelerated Schedule
It appears Market Makers are working to an accelerated schedule. Rather than completing the expected peak in April, preliminary calculations indicate the Dow could reach a peak of 34,400 before the end of this month. Following this peak, a significant decline is expected to start and last until the end of 2022.
Dow: 32,689
Today the Dow hit a low of 32,689 in the futures market. From this point the Dow is expected to start moving up to 34,600 between April 15, 2022 and April 25, 2022.
Dow: Volatile Time Frame
Commodity prices for products such as petroleum, grains, lumber, etc. are affecting stock markets just as they did during the first quarter of 2008. The Dow is moving into a volatile time frame that is similar to what occurred between February 1, 2008 and March 10, 2008. Engrbytrade™ Dow calculations now show a move up to 34,600 between April 15, 2022 and April 25, 2022. After moving through this time frame, a significant decline is expected for the remainder of the year.
Dow: 2007 Structure
Chart courtesy of StockCharts.com.
It appears that algorithms have been set to repeat a move similar to what occurred between August 17, 2007 and October 11, 2007. This is a perfect opportunity for Market Makers to accumulate inventory as fear on the street drives retail investors to sell to anyone who will buy.
Dow: Stock Buybacks
Goldman Sach’s buyback comment appears to contradict what traders would expected with the current situation in Europe. Apparently Goldman is aware that the proposed SWIFT suspension is meaningless. This means engrbytrade™ Dow calculations are correct to show a move up to 35,606 as corporations continue to buy back their stock.
Two examples of corporations announcing stock buybacks.
Twitter Board OK’s New $4 Billion Stock Buyback
Exxon Mobil’s Announced Stock Buyback
Dow: First Move Up
Preliminary structural calculations indicate the first move up will reach 35,606.
Dow: Overnight Low
The Dow hit a low of 32,168 in the overnight futures market. This low is within the 32,018 +/- 1% range noted on February 23, 2022. Daily engrbytrade™ Dow calculations and preliminary structural data indicate Market Makers will initiate a move towards 38,000.
Dow: Month End Liquidation
Structural calculations indicate a sharp decline (liquidation) is expected going into the end of this month. A decline to 32,018 (+/- 1%) is still expected before moving higher.
Dow: Structural Update
Based on engrbytrade™ Dow structural calculation updates, the decline is now expected to reach 32,018 (+/- 1%) before moving higher.
Dow: Decline Continues
Daily engrbytrade™ Dow calculations indicate a decline will continue. Structural calculations show algorithms are in the process of repeating a one hour futures chart structure similar to what was developed between December 7, 2018 and December 24, 2018. Preliminary calculations indicate a decline to 28,225 (+/- 2%) is expected.
Dow: 2018 Decline Structure
Daily engrbytrade™ Dow calculations continue to indicate a decline is expected with a move down to 34,081 (+/- 0.5%) to fill a gap in the 5 minute futures chart created on January 28, 2022. Calculations also indicate there is a 60% chance of a decline starting this week that will be similar to what occurred in the one hour futures chart between December 7, 2018 and December 24, 2018.