Intermarket structural analysis research
Chart courtesy of StockCharts.com
A rising wedge in the Dow, as shown above, with a closing price that equals the high for Friday, December 4, 2020 indicates a repeat performance of February 2018 with a sharp decline expected over the next week.
Similar to gold, High Frequency Trading machines are in the process of using an algorithm that contains a similar instruction set for silver developed between July 8, 2016 and September 23, 2016. As this algorithm continues to run, with the current rate of change, silver is expected to reach 16.75 (+/-3%) by mid-April, 2021.
High Frequency Trading machines are in the process of using an algorithm that contains a similar instruction set developed between July 8, 2016 and September 23, 2016. As this algorithm continues to run, with the current rate of change, gold is expected to reach 1674 (+/-1%) by December 24, 2020.
Chart courtesy of StockCharts.com
As algorithms continue to repeat, another gravestone candlestick appeared in the Dow daily chart on December 1, 2020. Expect a sharp decline over the next 9 trading days.
High level structural patterns indicate a sharp decline in silver is expected during December, 2020. On November 21, 2020, it was noted that silver would reach a low of 16.50 (+/-3%) by December 23, 2020. A sharp decline below the Descending Triangle lower horizontal line (as shown below) is consistent with this 16.50 projection. Based on a 16.50 silver price in December, as well as global demand, $50 is expected in 2021. Additional research will be needed to project a specific timeline.
Stock chart courtesy of StockCharts.com
A “first time” headline for the Dow moving above 30,000 arrived on November 24, 2020. This move resulted in an update to structural calculations indicating extreme price swings are expected during December with a revised intraday low target of 19,174 (+/-1%) by December 31, 2020.
Based on Commercial Trader plans to accumulate gold, as noted on November 17, 2020, calculations indicate a decline in gold is expected to continue and reach a price level of 1650 (+/- 3%) prior to a long term move upward. The rate of acceleration indicates a low will be achieved in January 2021. Volatility will continue to increase.
Note that the Dow 30 minute futures chart structure developed between 8:30 a.m. on November 9, 2020 and 11:30 a.m. on November 24, 2020 is similar to the 30 minute futures chart structure developed between 1:00 a.m. on February 6, 2020 and 7:00 p.m. on February 19, 2020. Similar structures created prior to, and implemented during the course of predetermined time frames supports the engrbytrade hypothesis that Exchange Insiders, and Commercial Futures Traders are in control and leave nothing to chance.
Structural calculations indicate silver will move down in tandem with the Dow to reach a low of 16.50 (+/-3%) by December 23, 2020 before moving higher.
Calculations indicate price adjustments in the Dow have resulted in a structural update showing a low of 22,137 (+/-1%) by December 23, 2020.
The charts shown below compare notional values of the Dow between 1914 -1929 and 1995 -2020. Adding an additional 24+% to the SP500 (and Dow) within one year, as noted by JP Morgan on November 9, 2020, would drive the Dow up to an estimated value of 36,553 by the last quarter of 2021. By November 2021 the “Great Reset” is expected to turn into the Great Short of 2021-2023.
During the process of building engrbytradeTM Project 2023, additional data identified Commercial Traders positioning for a repeat performance of March 2009 to May 2015. Upon completion of a decline, as noted on November 10, 2020, Commercial Futures Traders and Market Makers will move ahead with the “Great Reset” plan by developing an extension to their existing project timeline. This would explain optimistic forecasts, such as JP Morgan expecting 4500 on the SP500 by the end of 2021.
Based on yesterday’s high of 29,933.83, revised calculations indicate the Dow is expected to reach a low of 18,213.70 (+/-1%) by December 29, 2020 (+/-1 trading day).
Futures traders were provided with the opportunity to finish a 7 point Broadening Formation structure and push the Dow towards 30,000. Market Makers will sell short as retail investor’s rush in to buy. Completion of this formation will setup the Dow for a long term decline.
As noted on October 24, 2020, Commercial Traders have developed a structure that brought gold back into alignment with the U.S. Dollar. The long-term process of accumulation has resumed with a price target of 2700 in the last quarter of 2021.
Initial calculations indicate the Dow is expected to reach a low of 20,539 (+/-1%) by November 30, 2020 (+/-1 trading day).
Today, the Dow hit a high of 28,301.50 ahead of schedule and within the trading range of 28,360 (+/-1%) noted on October 31, 2020. Based on current Dow structure calculations and multiple engrbytrade embedded trade markersTM, a decline to a trading range of 20,539 (+/-1%) is expected. Additional calculations will be needed to focus on a final trading range and date.
Based on efforts by Market Makers and Futures Traders to form a base for the next move up, a retracement up to 28,360 (+/- 1%) is expected by November 6, 2020 (+/- 1 trading day) using a rising wedge formation in the futures market prior to starting a decline to 22,715 (+/- 1%).
Note that a retracement up to 28,431.35 (+/- 1%) is expected by November 5, 2020 (+/- 1 trading day) using a rising wedge formation in the futures market prior to starting a decline to 18,748 (+/- 1%).
As discussed on October 17, 2020, the Dow declined today to within 1% and 1 trading day of the expected trading range. Based on current Dow structure calculations and engrbytrade embedded trade markerTM, a trading range of 18,748 (+/-1%) is expected by December 4, 2020 (+/- 1 trading day). Additional calculations will be needed to focus on a final trading range and date. In the interim volatile short term trading by Market Makers is expected as they continue to setup for a year end decline.
Commercial Traders are developing a structure that will bring Gold back into alignment with the U.S. Dollar. A decline in gold is expected to start by November 2, 2020 (+/-1 trading day) and reach a price level of 1650 (+/- 10%) prior to moving higher. As the U.S. Dollar moves higher, currencies such as the Euro, Australian Dollar, British Pound, and Canadian Dollar are expected to decline.
It should be noted that the 2009-2020 Dow structure has been constructed in a way that will provide Exchange Insiders the means to continue a significant decline and conduct a major market collapse between August 2021 and October 2021. This collapse is expected to be much larger than 2008 and is in line with the economic collapse noted on October 9, 2020.
After completing a 7-point rising wedge in the Dow futures chart structure, as noted on October 11, 2020, watch for a decline that will take the Dow down to 26,690 (+/- 1%) on the NYSE by October 27, 2020 (+/- 1 trading day).
An extreme diversion from the mean in 30 year bond positions mentioned on October 3, 2020 continues to expand. In addition to this, a 7-point rising wedge structure was completed on Friday, October 9, 2020. There is a high probability that volatile conditions over the next three months will create a decline leading into mid-January that has the potential to reach 13,000 (+/- 2%).
On 9/25/20 Commercial Futures Traders initiated a 7-point rising wedge structure that is expected to be complete today. This wedge is visible on the Dow 15 minute futures chart. Their motive for this structure is to provide a decline to 27174 (+/-1%) on the NYSE in order to accumulate additional inventory prior to moving higher.