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
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
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.
Dow/SP500: Distribution of Stock
Since July 19, 2022 daily engrbytrade™ Dow and S&P500 calculations have revealed an underlying trend of significant selling that is similar to what occurred between October 21, 2021 and November 11, 2021. The rate and scale of Market Makers distributing stock indicates a move to significantly lower levels is expected during the last half of 2022.
Stock charts courtesy of StockCharts.com.
S&P500: Huge Decline
HUGE DECLINE!! BUT NOT QUITE YET!! FIND OUT WHEN??
Dow: September 2023
Engrbytrade structural calculations from 1966 to 1974, 1998 to 2009 and 2015 to 2022 have provided sufficient data for a preliminary estimate indicating the Dow is expected to fall to 16,500 (+/- 4%) by September 29, 2023.
Dow: Inverse Index Groups
Market Makers are currently moving the Dow, S&P 500, and NASDAQ indices higher in order to fill gaps in their related inverse index groups. It was observed that gaps occurred in various daily inverse index groups on April 6, 2022 (PSQ, QID, REW, SQQQ) and April 22, 2022 (DOG, DXD, RXD, SDOW, SKF). The Dow 30 inverse index shown above illustrates a process Market Makers are using with a rising wedge show below in order to fill gaps created on April 22, 2022. This process also aligns with the July 28, 2022 post and an expectation of reaching point eight of the Engrbytrade Eight Point Trading Model (discussed previously) between August 4, 2022 and August 16, 2022 within a trading range of 33,913 (+/- 1.5%) before moving lower.
Note that this information is for educational purposes only and not a recommendation.
Chart courtesy of StockCharts.com.
Stock chart courtesy of StockCharts.com.
Dow: Futures Bearish Candle
On August 9, 2022 the Dow daily futures index closed with an engulfing bearish candle. This indicates the Dow has hit its final peak in the Engrbytrade Eight Point Trading Model, as shown in the above chart. Based on this structure the Dow is expected to move down to 23,032 by October 28, 2022.
Chart courtesy of StockCharts.com.
Crude Oil: Descending Triangle
Intermarket futures trading data calculations indicate oil will change direction with a move down that is expected to be similar to what occurred between August and December of 2014. The chart shown above illustrates a descending triangle that has formed this year with oil starting to move below its support line. As the US Dollar continues to rise, it is having an impact on commodities and currencies such as silver, Canadian Dollar, and Swiss Franc shown below.
Charts courtesy of StockCharts.com.
Dow: August – October 2022
The Dow is within the August 4, 2022 to August 16, 2022 date range as noted on July 28, 2022. August 5, 2022 daily engrbytrade™ Dow calculations confirmed August 4, 2022 is a turning point that will start a decline. The upcoming decline is expected to be similar to what occurred between August 8, 2008 and October 10, 2008.
Dow: Rising Wedge 31,000
As noted on August 2, 2022, futures trading calculations indicated a decline is expected. The rising wedge shown below aligns with current calculations for a move down to 31,000.
Chart courtesy of StockCharts.com.
