Dow: Significant collapse

The Dow’s move down to a low of 31,387.84 on June 10, 2022 places it in a position for an immediate drop below 31,250 to fill a gap that was created in overnight futures trading on May 22, 2022. Based on updated structural calculations and a lack of very large block trading, the Dow is expected to quickly move back up to 32,584 (+/-1%) in the futures market. An absence of big block trades and volatility will continue as the Dow initiates a setup for a significant collapse. This move has the potential of reaching a low of 23,262 (+/- 2%).

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Dow: 36,262 (+/- 1%)

Daily engrbytrade™ Dow calculations, very large block trade trends, and structural calculation updates indicate the Dow is expected to move up to 36,262 (+/- 1%) in the futures market before moving lower. A brief pullback to 32,000 is still in order prior to moving higher. Dire warnings from companies such JP Morgan and Goldman Sachs have led investors to quickly sell and provide Market Makers/Exchange Insiders with the inventory (stock) needed to move markets higher over the very short term. Look for this narrative to move from dire warnings to a positive outlook as the Dow moves closer to 36,262. Market Makers/Exchange Insiders will then start selling to investors in preparation for another decline.

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Dow: October 1, 2021

Over the last two weeks, very large block trades have been crossing the tape. This is very similar to large block trading between March 7, 2022 and March 10, 2022 prior to the Dow moving higher. Daily engrbytrade™ Dow calculations and structural data confirms the Dow 15 minute chart has started to repeat a structure similar to that of October 1, 2021 to November 8, 2021 with an expected peak of 34,580 (+/- 1%).

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Dow: January 22, 2008

The March 29, 2022 to May 20, 2022 daily Dow futures chart structure is very similar to the December 11, 2007 to January 22, 2008 structure. In the Dow 2 hour futures chart between April 21, 2022 and May 20, 2022 a decline developed that was similar to the engrbytrade Eight Point Trading Model(TM) shown below. Daily engrbytrade™ Dow calculations continue to show a move upward is expected with a retracement from 31,261 to 33,010 (+/-2%). To put 2022 into perspective, the decline from April 21, 2022 to May 20, 2022 is 2.22 times larger than the decline from December 11, 2007 to January 22, 2008.

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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.

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.

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