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.
Silver: Filling Gaps
Prior to moving lower, silver has one gap left to fill that was created on June 16, 2021. This will require a move up to 27.79 prior to moving lower.
Gold: Filling Gaps
In addition to reaching 2027.95 in the overnight futures market, gold still has a gap to fill that was generated on August 10, 2020. This will require a move up to 2065 prior to moving lower.
Gold: 2027.80
As noted on March 7, 2022, gold was expected to hit 2027.95 before starting a decline. In overnight futures trading gold hit a high of 2027.80 and is moving lower.
Crude Oil: Extremely High Readings
Daily engrbytrade™ Crude Oil (WTI) calculations are showing extremely high readings indicating there is a high probability of a sharp move to the upside. Structural calculations indicate this move is expected to take crude oil to 209.06.
Dow: 32,689
Today the Dow hit a low of 32,689 in the futures market. From this point the Dow is expected to start moving up to 34,600 between April 15, 2022 and April 25, 2022.
Gold: The Peak
Preliminary futures structural calculations indicate that when gold hits 2027.95, that should be the peak when oil, gold and silver start to turn lower.
Silver: Rising Wedge
During the day of March 4, 2022 the 5 minute chart developed a rising wedge. Since this structure was completed prior to the end of the trading day, a decline is expected to start and fill several gaps on the way down to 23.53. A move to 19.18 is still expected.
Crude Oil: 2008 Update
Additional structural and intermarket futures trading data calculations show Crude Oil (WTI) is still in the process of repeating 2008 and is expected to move to 159.76 (+/- 1%).
March 2, 2022 OPEC meeting ends after just 10 minutes, plans to stay course on oil production
26th OPEC and non-OPEC Ministerial Meeting concludes
Crude Oil: 2008
Daily engrbytrade™ structural and Crude Oil calculations indicate this move up is similar to 2008 and still expected to reach 149.98 (+/- 1 %).
Bitcoin: Moving Up
Engrbytrade™ bitcoin daily calculations indicate bitcoin is expected to continue moving up to a level of 53,763 (+/- 1%).
Economy: Stocks and Commodities
Note that after reaching the time frame between April 15, 2022 and April 25, 2022, as noted in the Volatile Time Frame post, stocks and commodities are expected to collapse during the last half of 2022.
Dow: Volatile Time Frame
Commodity prices for products such as petroleum, grains, lumber, etc. are affecting stock markets just as they did during the first quarter of 2008. The Dow is moving into a volatile time frame that is similar to what occurred between February 1, 2008 and March 10, 2008. Engrbytrade™ Dow calculations now show a move up to 34,600 between April 15, 2022 and April 25, 2022. After moving through this time frame, a significant decline is expected for the remainder of the year.
Crude Oil: Watch Aramco
Aramco has a history of implementing very large transactions prior to major market moves. In March 2008 Aramco sold their stake in Ashmore. Two months later the stock market peaked and started to fall for the remainder of 2008. On December 11, 2019, Aramco shares started trading with its initial public offering. Two months later the stock market peaked and collapsed in February and March of 2020. On February 13, 2022 Saudi Arabia transferred Aramco shares worth $80 billion to the state’s sovereign wealth fund. Following this trend would mean that a stock market peak in mid-April 2022 would be expected prior to a significant decline in 2022.
March 18, 2008
Aramco sells Petron stake to Ashmore for $550 mln
December 6, 2019
Saudi Aramco shares to start trading December 11: Tadawul exchange
February 13, 2022
Saudi Arabia transfers Aramco shares worth $80 bln to state fund