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.
Dow: Structural Update
Calculations indicate price adjustments in the Dow have resulted in a structural update showing a low of 22,137 (+/-1%) by December 23, 2020.
Dow: The Great Short
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.
Dow: Repeat 2009 to 2015
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.
Dow: Revised Calculations
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).
Dow: 7 Point Formation
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.
Gold: Process of Accumulation
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.
Dow: November Low
Initial calculations indicate the Dow is expected to reach a low of 20,539 (+/-1%) by November 30, 2020 (+/-1 trading day).
Dow: Ahead of Schedule
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.
Dow: Retracement Update
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%).
Dow: Retracement
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%).
Dow: Decline to 18748
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.
Gold: U.S. Dollar Alignment
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.
Dow: Dow Structure
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.
Dow: Decline to 26,690
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).
Dow: Bond Positions
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%).
Dow: Rising Wedge
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.
Gold: Short Positions
Gold, in tandem with silver, is expected to move higher over the next 30 days reaching 2077 (+/- 1%) as Commercial Traders accumulate short positions for a move down to 1758 prior to moving higher.
Silver: Short Positions
Short term structural calculations indicate Commercial Traders are expected to accumulate short positions by driving silver up to 28.11 (+/- 3%) over the next 30 days in preparation for a move down to 16.50 (+/-3%).
Dow: Stock Accumulation
On September 24, 2020 the Dow hit an intraday low of 26,537.01 and was within the 1% range discussed on September 22, 2020. A detailed review of Market Maker and Commercial Futures Trader trading structures on 9/3/20, 9/4/20 and 9/18/20 indicates Exchange Insider stock accumulation and contract adjustments are expected to move the Dow up to 31,487 (+/-1%) by January 27, 2021. This move upward provides additional time for Exchange Insiders to distribute stock and accumulate short positions prior to a long term decline.
Dow: Pivot Up
Calculations indicate Market Makers plan to push the Dow down to 26,352 (+/-1%) by Friday September 25, 2020 (+/-1 trading day). Upon completing this decline, a pivot up to 29,531 (+/-1%) is expected by October 14, 2020 before starting a long term decline.
Silver: Structural Update
The expectation for Commercial Futures Traders and Market Makers to start a decline in silver has not changed. Based on the current price structure, silver is expected start a decline during the week of September 20, 2020 and drop below $20 by the end of 2020 before moving higher.
Dow: 90 Year Timeline
The 90 year timeline for a major decline is still on track. Key events discussed on September 7, 2020 will drive a decline of 86% in the Dow over the next two years. Calculations show the Dow will hit a low of 4137.19 by October 2022. In the background COVID cases will start to increase in October 2020 and peak by January 2021. This is very similar to what happened with the Spanish Flu in 1919. The second wave of COVID will continue to unravel the economy and supply chains resulting in numerous bankruptcies.
Dow: Repeat Performance
It should be noted that Market Makers are apparently working to duplicate a basic Dow structure from August 2000 to September 2000. Underlying holdings of select positions in the futures market indicate a repeat performance is expected in September to October 2020.
Dow: Early Peak
Commercial Futures Traders are accelerating their schedule in order to develop a structure that will reach an early peak of 29,789 (+/- 1%) by September 9, 2020 (+/- 1 trading day). Their efforts are expected to place the Dow in a position that will support a decline to the 17,000 range by December 2020. Volatility will continue to increase.