On May 12, 2022 the Dow hit a low of 31,228.22, within the 31,000 +/-2% range of 30,380 to 31620 as noted on May 4, 2022. A retracement move back up to 33,675 (+/-2%) is expected before moving lower.
Dow: Move to 31,000
It appears Market Makers have decided to complete the move to 31,000 (+/- 2%) as noted on May 4, 2022.
Dow: Institutional Selling
After four trading days of serious big block selling by large institutions, a move up to 34,731 (+/-1%) is expected before the next decline starts. This is similar to what occurred between March 8, 2022 and March 29, 2022.
Dow: Similar Results
Today, daily engrbytrade™ Dow calculations provided similar results to that of September 21, 2021, October 11, 2021, January 20, 2022 and March 8, 2022. A move higher levels is expected.
Dow: Retail Traders
Early morning market reports will influence retail traders to move out of the markets as Market Makers accumulate additional inventory (stock). Accumulation patterns since April 25, 2022 have not changed. Research indicates today’s move is expected to be similar to March 17, 2008 before the Dow started moving higher.
Dow: Change to 36,263
Final May 4, 2022 daily engrbytrade™ Dow calculations confirmed a change in direction with an expected move up to 36,263 (+/- 1%) before continuing down to 31,000. This move should be similar to what occurred between March 11, 2008 and May 2, 2008.
Dow: Futures peak
Looking to repeat a 15-min. chart structure futures traders used between Jan 4th-5th 2022. Current peak on May 4th 2022 drop overnight – peak again May 5th 2022 followed by a decline.
Dow: Expected Decline
On April 27, 2022 it was noted that the Dow would decline to 31,000 (+/- 2%) [30,380 to 31620]. Daily engrbytrade™ Dow calculations are still in line with this expected decline.
Dow: 31,000
Structural calculations indicate a decline in the Dow is expected to continue during April and May 2022 with a move down to 31,000 (+/-2%).
Dow: Move into May
Today’s decline was steady and methodical. A decline to 34,349 in the futures market is needed to close a gap created at the open on March 19, 2022. Preliminary daily engrbytrade™ calculations indicate the Dow is expected to continue moving higher going into May. In addition to this an accumulation of large block trades was noted on April 14, 2022 and April 18, 2022.
Dow: 37,000
As of the close on April 19, 2022, daily engrbytrade™ calculations indicate Market Makers will now move the Dow up to 37,000. This will be similar to the following price moves:
October 4, 2021 to November 8, 2021
December 3, 2021 to January 4, 2022
January 24, 2022 to February 9, 2022
Dow: December 28, 2007
As of April 18, 2022 the Dow is in the process of repeating a structure that is similar to what was developed going into December 28, 2007.
Chart courtesy of StockCharts.com.
Dow: May 19, 2008
There is a high probability the Dow will start to fall next week. This decline is expected to be similar to what started after May 19, 2008.
Dow: March 29, 2022
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.