Silver, similar to gold, is apparently in the process of completing an algorithm that contains an instruction set originally developed between July 4, 2016 and November 9, 2016. As this algorithm continues to run, with the current rate of change, silver is expected to reach 16.50 (+/-3%) by February 11, 2021.
Dow: Rising Wedge Complete
As of December 21, 2020 at 04:45 a.m. EST, the 9 Point Rising Wedge structure discussed on December 18, 2020 is complete. The Dow is moving within a well-defined channel shown above while various sources note that stock markets are overvalued. JP Morgan stated; “…equity markets have not been this expensive so early into an economic recovery phase in the last twenty years.” A move down to 19,595 (+/- 2%), as discussed on December 12, 2020, is still expected.
Dow: 9 Point Rising Wedge
Stock chart courtesy of StockCharts.com.
A 9 Point Rising Wedge structure in the Dow is nearing completion. This is very similar to what occurred in February 2020.
Dow: 1929 vs 2020
Stock chart courtesy of StockCharts.com.
After a detailed review of weekly data for the Dow, it is apparent that Exchange Insiders are in the process of updating a template from 1929 for a stock market decline that is expected to be larger than what occurred between February 10, 2020 and March 23, 2020. The 38 week structure developed between March 23, 2020 and December 11, 2020 is strikingly similar to the 39 week structure developed between December 10, 1928 and September 7, 1929. A decline is expected to occur between December 14, 2020 and February 26, 2021 with a preliminary estimated close in the range of 19,595 (+/-2%).
Dow: 2007 vs 2020
Dow structural patterns discussed on December 5, 2020 are similar to structures developed during September – October 2007. Record highs are noted in the following articles. A different narrative is discussed during each timeline, but it appears current algorithms have been designed to provide a decline similar to 2007-2009 over the next two years for the Greatest Recession.
October 9, 2007:
S&P 500 Closes At All Time High
December 7, 2020:
Stocks rise to fresh record highs as Pfizer begins UK vaccine rollout
Dow: Closing High 30218.26
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.
Silver: 2016 Algorithm
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.
Gold: 2016 Algorithm
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.
Dow: Sharp Decline
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.
Silver: Descending Triangle
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
Dow: First Time Headline
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.
Gold: Decline Continues
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.
Dow: Similar Structures
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.
Silver: December Low
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.