Based on 10Yr Note intermarket daily trading calculations and Bitcoin structural calculations a decline is expected where Bitcoin will reach 17,478. This decline will be similar to what occurred between April 1, 2021 to June 22, 2021 and November 11, 2021 to January 24, 2022. This move will also close the daily chart gap created between November 27, 2020 and November 30, 2020.
Dow: 31,578 – 31,305
Based on the accelerated rate of change in the Dow it is now expected to move down to a range of 31,578 – 31,305 before making a brief move up.
Crude Oil: Repeating 1973-1980
In theory, all indications show that based on growth of the Federal Reserve’s M1 money supply and Consumer Price Index, it appears the U.S. will repeat a 1973-1980 inflationary cycle.
In April 1973 a barrel of oil was $3.56 and the average price of a gallon of gasoline was $0.39. By April 1980 a barrel of oil was $39.50 and the average price of a gallon of gasoline was $1.19. As of April 5, 2022 overnight trading for a barrel of oil was in the range of $104.08 and the average price of a gallon of gasoline at the pump was $4.16.
Following inflation rates for 1973-1980 this would mean, in theory that the U.S. Dollar would decline in value to the point where a barrel of oil would cost $1,154 and a gallon of gasoline would be $12.69 by April 2029. This appears to be one reason why there is a dramatic push for electric vehicles and the end of gasoline powered car sales in states such as Washington by 2030.
Economy: Bretton Woods III
The Roundtable Insight – Zoltan Pozsar & Yra Harris on the Economy, Fin Markets & Bretton Woods III
Crude Oil: Higher Prices
Intermarket Futures trading data calculations indicated traders are still expecting higher prices during the second quarter of 2022, even with a release from the strategic petroleum reserve. Structural calculations currently indicate a high for crude oil (WTI) of 226.89 before prices start to decline.
Dow: 32,604 – 32,521
Trading during the first two hours indicates a move up in the futures market is not expected to occur. The Dow is now expected to move down to a range between 32,604 – 32,521 using a chart structure similar to what was developed between February 11, 2022 and February 24, 2022.
Dow: 35,022 – 35,136
Based on today’s decline in the Dow, a move up in the futures market is expected to reach a range between 35,022 – 35,136 before making a significant move to lower levels.
Dow: 35,340 – 35,361
Structural calculations indicate the Dow will move up between 35,340 and 35361 before making a significant move to lower levels.
Dow: January 4, 2022
The Dow’s action today in the futures market is a repeat performance of January 4, 2022. One more day should be the end before a decline starts.
Dow: April Decline
Preliminary engrbytrade™ structural calculations show the Dow has started to move lower and will continue through the month of April until it reaches 31,453.
Interest Rates: 1987
Based on engrbytrade™ 10Yr Note interest rate futures market structural calculations, a significant stock market decline is expected in the coming days. This decline could be as swift as the 1987 crash.
Crude Oil: May 20, 2008
History is repeating with crude oil and gasoline prices moving higher just as they did in 2008. Based on the current Dow structure aligning with May 2008, the following news article from May 20, 2008 provides some insight on what occurred during this time frame.
Oil close to $130 after buying surge
The Guardian
May 20, 2008
Dow: May 19, 2008
At 10:37 a.m. (EST) this morning engrbytrade™ structural calculations indicate the Dow hit a peak that is similar to where it was on May 19, 2008 prior to starting a long decline that year. Even though the Dow hit an all-time high of 36,952 on January 5, 2022, today’s move initiates a process where the ongoing decline will start to accelerate.
Interest Rates: 2019 10-Yr Structure
Starting on March 1, 2022 the one hour 10-Yr Note interest rate structure started to repeat its one hour structure that started on October 6, 2019 and hit a peak of 1.968 on November 7, 2019. It is expected that the current structure will continue to follow the general trend of the 2019 structure and reach a peak of 2.547 before trending lower.
Dow: Corporate Insider Holdings
Note that the percentage of shares held by all insiders for each of the following Dow Jones Index companies is less than 1%, while at the current market peak.
Corporate insiders include Officers, Directors, etc.
AAPL, AMGN, AXP, BA, CAT, CSCO, CVX, DIS, DOW,
GS, HD, HON, IBM, INTC, JNJ, JPM, KO, MCD,
MMM, MRK, MSFT, PG, TRV, UNH, V, VZ
Dow: Gap 34,442
In addition to a move to 34,407 in the futures market, calculations also indicate the potential exists for a move to 34,442 in order to fill a gap in the 5 minute chart created before the close on March 17, 2022.
Dow: Falling Wedge
At the time of this post a falling wedge has formed in the 5 minute futures chart with trade price structures indicating a move up out of this wedge is expected. Based on the latest structural calculations it appears Market Makers intend to move the Dow up to 34,407 before starting a long term decline.
Dow: Decision to Move
Based on structural calculation updates, Market Makers appear to have made a decision to move the Dow up to a peak of 34,826 before starting a decline that will last for the remainder of 2022.
Silver: Gap 27.79
Daily engrbytrade™ silver calculations continue to indicate a move upward. In addition to the move to 27.05 as noted on March 15, 2022, updates indicate silver is also expected to move to 27.79 in order to close a gap in the 30 minute futures chart that was created on June 16, 2021 before moving lower.
Crude Oil: Temporary Pullback
Daily engrbytrade™ WTI calculations continue to show results similar to what appeared on November 26, 2021 and December 23, 2021. The current pullback is temporary. WTI prices are expected to move up to 209.06 as noted on March 8, 2022.
Silver: 27.05 Gap
Daily engrbytrade™ silver calculations indicate a move back up to 27.05 in order to close a gap in the 5 minute futures chart that was created in overnight trading on March 9, 2022. This move is expected to be complete prior to silver’s decline to significantly lower levels this year as the Dow collapses.
Dow: Decline Continues
Structural calculations indicate a decline is expected to continue and reach 31,493 (+/- 1%) in the futures market before making a brief move to the upside.
Dow: Big Block Trades
Market Makers continue to accelerate the timeline with big block trades (>1 million shares) continuously crossing the tape this week as the Dow moves higher. Based on Market Maker actions, structural model calculations currently indicate the Dow is expected to peak and turn down as early as today (March 11, 2022). As noted previously, a significant decline is expected to start and last until the end of 2022.
Dow: Accelerated Schedule
It appears Market Makers are working to an accelerated schedule. Rather than completing the expected peak in April, preliminary calculations indicate the Dow could reach a peak of 34,400 before the end of this month. Following this peak, a significant decline is expected to start and last until the end of 2022.
Gold: Gap Filled
Upon completing the move up to 2069.94 in order to fill a gap generated on August 10, 2020, gold will now start a decline that is expected to last until the end of 2022. This move will ultimately take gold down to 1418 prior to starting a long term move up.