Daily calculations indicate Market Makers are in the process of repositioning and reallocating their inventory (stock) in preparation for a move higher, just as they did between September 30, 2021 and October 6, 2021. The Dow is expected to move up prior to the Federal Reserve meeting scheduled for June 14-15, 2022.
Silver: Two Year Timeline
Regardless of political affiliation, each response to an economic slowdown results in the development and passage of a bill that will provide funds needed to assist the economy. As the size and scope of each bill continues to grow over time one side effect after two years from the passage of this type of bill is a price increase in silver. The following list is an example of what happens approximately two years after a major economic stimulus, recovery, growth, or rescue plan is passed and signed into law.
- On December 10, 1971 Richard Nixon signed the $15 billion Revenue Act of 1971. Two years later silver started a move upward from $3.05 on December 13, 1973 to $6.49 on February 27, 1974.
- On May 13, 1977 Jimmy Carter signed the $20.1 billion Economic Stimulus Appropriations Act of 1977. Two years later, silver started a move on May 11, 1979 from $8.35 to a high of $42.29 on January 24, 1980.
- On June 7, 2001 George W. Bush signed the $1.3 trillion Economic Growth and Tax Relief Reconciliation Act of 2001. Two years later, silver started a move on June 11, 2003 from $4.48 to a high of $8.45 on April 2, 2004.
- On February 13, 2008 George W. Bush signed the $152 billion Economic Stimulus Act of 2008. Two years later, silver started a move on February 8, 2010 from $15 to $30.68 on January 3, 2011.
- On February 17, 2009 Barack Obama signed the $831 billion American Recovery and Reinvestment Act of 2009. Two years later silver started a move on January 25, 2011 from $26.86 to a high of $49.80 on April 25, 2011.
- On March 11, 2021 Joe Biden signed the $1.9 trillion American Rescue Plan Act of 2021. It is expected that starting two years later (March 2023) silver will initiate another significant move to higher levels.
Dow: Retracement to 33,675
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.
Silver: Lower Trendline
Silver has broken its lower trend line as shown in the chart below. This is similar to what occurred in August 2008. The current decline is expected to continue until November 2022.
Charts courtesy of StockCharts.com.
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.
Crude Oil: Flag, Pennant
Daily engrbytrade™ calculations continue to indicate crude oil will move higher. For those who prefer chart analysis, underlying calculations validate the chart below, which includes a Flag (pennant).
Bitcoin: Euro November 1980
As noted in the April 6, 2022 entry, Bitcoin is following the same path as the Euro did between 1971 and November 1980 at an accelerated pace. Bitcoin will continue to decline as the Euro did between 1980 and 1985.
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.
Economy: Business Cycles
The Future According to the ECM
Economy: Recession Isn’t Imminent?
February 28, 2008
Does this sound familiar? You know the rest of the story.
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.
Dollar: Accelerated Move
On February 21, 2022 it was noted that U.S. Dollar intermarket futures trading data calculations indicated currency traders were expected to move from currencies such as the Australian Dollar and Canadian Dollar into the U.S. Dollar. The pace of this move has accelerated with declines in the Swiss Franc, Euro, British Pound, and Japanese Yen. Based on intermarket futures trading data calculations and structural calculations the U.S. Dollar is expected to move up to 110.80 by November 2022.
Euro: November 2022
As noted on July 13, 2021, the Euro peak structure developed between July 27, 2020 and July 12, 2021 is similar to the Euro structure developed between March 6, 2008 and August 5, 2008. The Euro will continue to decline based on engrbytrade™ structural calculations and intermarket futures trading data indicating the Euro is expected to reach 0.96 by November 2022.
Crude Oil: Mid July 2022
Daily engrbytrade™ crude oil calculations and structural analysis indicate crude oil (WTI) is currently in a similar position to where it was in early May 2008. Based on the current rate of acceleration, crude oil is expected to reach 222.95 by mid July 2022.
Bitcoin, Gold: Nowhere to hide
Economy: Destruction of Wealth
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%).
Silver: 2008 vs 2022
Intermarket futures trading data calculations confirm that a decline in silver is near. The 2022 chart below shows silver is in a descending triangle with a similar rate of decline to that of 2008.
Charts courtesy of StockCharts.com.
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.