Engrbytrade Posts

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Dow/S&P500: April 2022 vs April 2023

The Dow daily chart (and 1-hr futures chart) structure between March 1, 2022 and April 20, 2022 is similar to the S&P500 chart structure developed between March 6, 2023 and May 1, 2023. Daily Engrbytrade™ calculations and technical indicators show that upon completion a Dow structure this week that is similar to what was developed between March 1, 2022 and April 21, 2022, a sharp decline is expected with the Dow and S&P500 moving below 31,874 and 3,855 respectively.

Stock charts courtesy of StockCharts.com.

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Economy: Global Project

A series of documented global project events were initiated between 2020 and 2023 that will require reimbursement beyond $12.5 trillion to financiers in the form of a market collapse that is expected to occur in 2023.

Project Scope:
Initiate public/private partnerships necessary during the response to a severe pandemic in order to diminish large-scale economic and societal consequences. Monitor the effects of a coronavirus passing to humans with “no possibility of a vaccine being available in the first year”. (Derived from Event 201)

Project Schedule:
This project schedule was initiated on January 1, 2020 when Xinhua News reported the Huanan Seafood Market was closed on 1 January 2020 for cleaning and disinfection. This project will be complete when the Public Health Emergency expires on May 11, 2023.

Project Cost:
IMF sees pandemic cost rising beyond $12.5 trillion estimate by 2024.

Payment must be made with a market collapse in 2023.

Engrbytrade™ calculations to date support the expectation of a decline in 2023.

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Interest Rates: 2023 30-Yr vs 2018 10-Yr

Weekly Engrbytrade™ futures trading data calculations indicate a situation exists where futures traders are creating a 30-Yr yield descending triangle that is similar to the 2018 10-yr yield descending triangle shown below. A brief move upward in the 10-Yr and 30-Yr yield is expected. This will be followed by a decline during the remainder of 2023 as stock markets move lower.

Stock charts courtesy of StockCharts.com.

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Dow: Change in Direction II

On April 18, 2023 it was noted that daily Engrbytrade™ E-Mini Dow futures calculations (from April 17, 2023) indicated a change in direction was imminent. A second daily Engrbytrade™ E-Mini Dow futures change in direction signal occurred on April 18, 2023. The last time two signals occurred in two days was on October 10 – 11, 2022. This was followed by a 34 trading day rise. The two signals from April 17 – 18, 2023 indicate a sharp decline is expected.

Stock chart courtesy of StockCharts.com.

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Dow: April 18, 2023

In the March 27 – April 13 Dow Summary post it was noted that the 1-hour chart was expected to continue moving higher, ultimately reaching 34,387 (+/-1%) by April 18, 2023 before moving lower. On April 18, 2023 at 06:45 a.m. the Dow futures chart hit a high of 34,279, well within the 1% range and just 108 points from the target of 34,387. It is still possible for the Dow to briefly move up and touch 34,279 this week before declining.

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S&P500: April 6 – April 13 Summary

On April 6, 2023 S&P500 calculations indicated that positioning for very large distributions took place between February 28, 2023 and April 5, 2023. This was similar to what took place between October 20, 2021 and November 19, 2021 and indicated preparations were being made for a significant decline in 2023.

On April 10, 2023 it was observed that the 1-hour futures chart developed a descending triangle. This formation appeared to be similar to what was developed between May 27, 2022 at 8:00 a.m. ET and June 9, 2022 at 2:00 p.m.

On April 11, 2023 S&P500 1-hour futures algorithms continued to develop a descending triangle that was initiated on March 31, 2023 at 10:00 a.m. ET. Timeline calculations indicated the S&P500 was expected to initiate a decline out of this descending triangle by April 12, 2023 and move down to 3808 (+/- 1%) in order to complete a triple top reversal structure.

The April 12, 2023 post referred to the April 6, 2023 post noting that positioning for very large (stock) distributions took place between February 28, 2023 and April 5, 2023. As of April 11, 2023, daily Engrbytrade™ calculations indicated this activity was continuing and preparations were still underway for a significant decline in 2023.

A second April 12, 2023 post referred to the April 10, 2023 post, that noted the 1-hr S&P500 futures chart was developing a descending triangle. Timeline calculations indicated this same S&P500 1-hr futures chart was expected to drop out of its descending triangle after the NYSE close on April 12, 2023 and continue to move lower in overnight trading.

This summary concludes that the S&P500 1-hr futures chart has adapted characteristics similar to the Dow 1-hr futures chart. The S&P500 futures chart structure was initiated on March 13, 2023 at 9:00 a.m. ET. By April 12, 2023 it appeared that this same S&P500 1-hr futures chart was developing a descending triangle. On April 12, 2023 at 8:00 p.m. ET, it changed direction and started tracking upward with the Dow 1-hr futures chart. This change in direction indicates the S&P500 is expected to move up to 4236 (+/- 1%) by April 19, 2023 before moving lower.

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Dow: March 27 – April 13 Summary

On March 27, 2023, it was noted that algorithms had been developing a 1-hour chart structure that was similar to, but not an exact replica of, the 1-hour chart structure between October 13, 2022 at 09:15 a.m. ET and October 21, 2022 at 10:00 a.m. ET.

On March 29, 2023 it appeared the Dow was on a fast track to recreate the Dow 1-hour futures chart developed between May 20, 2022 at 1:00 p.m. ET and May 30, 2022 at 5:00 p.m. Based on its rate of speed, it was expected to reach 33,616 (+/- 1%) (33,280 – 33,952} by April 10, 2023 before moving lower. The Dow futures price crossed the 33,616 mark on April 3, 2023, one week earlier than expected, and continued to move sideways within its 1% range.

On March 31, 2023 it was observed that the structure developed between March 20, 2023 at 4:00 a.m. ET and March 31, 2023 at 10:00 a.m. was similar to what was constructed between October 6, 2021 at 9:00 a.m. ET and October 19, 2021 at 6:00 a.m. ET. Based on the March 20 – 31, 2023 structure and development rate of speed the Dow was expected to reach 34,306 (+/- 1%) (33,963 – 34,649) by April 13, 3023 (+/- 1 trading day). On April 12, 2023 the Dow futures moved into the lower 1% range of 34,306.

This summary concludes that the 1-hour chart is expected to continue moving higher, ultimately reaching 34,387 (+/-1%) by April 18, 2023 before moving lower.

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Dow/S&P500: April – December 1974 Update

On February 25, 2023 Dow and S&P500 chart structures between 2018 and 2023 illustrated the expectation that this year would be similar to April through December 1974. Updated estimates indicate the end result would be near 18,000 for the Dow and 2400 for the S&P500. Arrows in the charts below overlay Engrbytrade™ markers based on comparable calculations from 1966 to 1974 and indicate a steady decline is expected until the end of 2023.

Stock charts courtesy of StockCharts.com.

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S&P500: Decline to 3808

S&P500 1-hour futures algorithms continue to develop a descending triangle that was initiated on March 31, 2023 at 10:00 a.m. ET. Timeline calculations indicate the S&P500 is expected to initiate a decline out of this descending triangle by April 12, 2023 and move down to 3808 (+/- 1%) in order to complete a triple top reversal structure. Preliminary calculations indicate this triple top reversal structure will setup a decline to 3364.

Stock chart courtesy of StockCharts.com.

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