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.
SP500/Dow: 1929 Weekly Chart
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.
Silver: March 1, 2022
Daily engrbytrade™ calculations indicate silver is in a structural position similar to where it was on March 1, 2022.
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.
Euro: September to November Decline
On May 1, 2022 it was noted that engrbytrade™ structural calculations and intermarket futures trading data indicated the Euro would reach 0.96 by November 2022. On Tuesday, September 6, 2022 the Euro hit a low of 0.9864 in the futures market. Intermarket futures trading data calculations currently indicate the Euro will continue to move lower. The Euro is in a similar position to where it was in mid-September 2008 and is expected to continue its decline going into November 2022 hitting a low between 0.82 and 0.83. Preliminary calculations indicate the Euro could eventually move down to its February 1985 low below 0.60, but additional data from the upcoming decline will be needed to confirm this.
Stock chart courtesy of StockCharts.com.
SP500: Huge Decline Begins
HUGE DECLINE BEGINS TO BE POSSIBLE NOW!! START 1-8 DAYS
Silver: Decline Signal
Daily engrbytrade™ calculations show silver will make another turn lower. This turning point is similar to what occurred after April 11, 2022 and June 6, 2022. Structural calculations still show silver will continue moving lower to 10.65 (+/- 1.5%).
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’
Silver: Decline Continues
As of September 1, 2022, calculations show silver will continue moving lower to 10.65 (+/- 1.5%). This decline is expected to be similar to what occurred between September and October 2008. Before March 2023, the Silver Two Year Timeline will take effect and a move to significantly higher levels is expected due to trillions of Dollars that have been injected into the economy.
Stock chart courtesy of StockCharts.com
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.
September 15, 2008
September 2022 will be an interesting month.
Economy: Powell Speaks
Federal Reserve Chairman Jerome Powell speaks at Jackson Hole — 8/26/2022
Powell: “A sustained period of below trend growth is coming.”
Translation: Expect stock markets to move significantly lower over the next four months.
Economy: Real Estate Bubble
- THE WOLF STREET REPORT: Housing Bubble Getting Ready to Pop – The Big Boys Leave, Waiting for Reset
August 7, 2022
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.
Crude Oil: Heating Oil 2014
In addition to what was noted on August 7, 2022, Heating Oil related futures trading data calculations support a decline in crude oil with structural attributes similar to what occurred between August 21, 2014 to December 31, 2014,
Silver: Tracking 2008
Engrbytrade daily and weekly calculations show the August 2022 decline in silver is still tracking with August 2008. As noted on July 20, 2022, a decline to 10.65 (+/- 1.5%) between November 1, 2022 and December 19, 2022, is still planned. Futures trading data shows that when this decline is complete, a long term move upward will start.
Stock chart courtesy of StockCharts.com.