Intermarket structural analysis research
A repeat of the Dow structure from late August to early September 2022 is in progress. Daily engrbytrade™ Dow calculations show that by the third business day after September 21, 2022 (September 26, 2022) the Dow is expected to start moving higher. This is similar to what occurred after October 11, 2021 and May 18, 2022. A move up to 31,715 (+/- 1%) is expected in the futures market.
Chart courtesy of StockCharts.com.
Today’s review indicates an attempt is in progress to complete a falling wedge. This could lead to filling gaps created on September 3, 2022 and August 22, 2022.
Chart courtesy of StockCharts.com.
The Engrbytrade hypothesis is that market structures are created and implemented during the course of predetermined time frames. This is based on observations that market structures continue to repeat. The current Dow futures structure is in the process of developing (and potentially repeating) a 12 calendar day structure similar to that of the 15-minute futures chart starting on 6:30 p.m. on June 12, 2022 to 10:45 a.m. on June 24, 2022. This does not mean the current futures structure will have a 12 day timeline. Financial market structures are not natural, such as a Fibonacci sequence, due to external adjustments made by algorithms or those who control prices and timelines. This is why time frames and price targets will continue to change. Current calculations show the Dow starting to fill the gap created on September 13, 2022 by September 27, 2022. Price and timelines are subject to change and updates will be provided as this structure develops.
Current calculations show the Dow futures index rate of acceleration indicates a fill for the gap generated on September 13, 2022 at 08:30 a.m. is expected after the NYSE market close on September 26, 2022.
Dow futures are moving quickly to fill a gap created on September 13, 2022 at 8:30 a.m. At the current rate of rise, it is expected that this gap will be filled by Friday, September 23, 2022.
Chart courtesy of StockCharts.com.
Note that a brief move up between September 20, 2022 and September 21, 2022 (during the FOMC meeting) is expected before making a sharp decline to the lower trend line shown below.
Chart courtesy of StockCharts.com.
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.
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.
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.
The Dow is expected to drop to 30,981 before starting a move back above 32,688.
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.
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.
The Dow futures gap created on September 11, 2022 has been filled.
Daily engrbytrade™ calculations indicate silver is in a structural position similar to where it was on March 1, 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.
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
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.
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.
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.
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.
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.
Stock charts courtesy of StockCharts.com.
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.
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’
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
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.
