Prior to any significant decline in the stock market, Aramco is expected to complete an initial public offering by December 11, 2019.
Saudi Aramco shares to start trading in December
Dow: Futures Gap Filled
The October 1, 2019 gap down at 10:00 a.m. (EST) in the Dow 30 Futures was filled today (October 15, 2019) with the Dow 30 Futures moving above 26,986.5 at 10:29 a.m. (EST). This structure clears the way for a decline over the next 18 days. Based on this confirmation, final structural calculations indicate the NYSE Dow 30 index is expected to decline to a level of 24,091.99 (+/-1%) by November 8, 2019 (+/-1 trading day).
2019 Gold
The engrbytrade gold model™ shows a move upward is expected to start next week. Calculations indicate that gold will hit $1716 (+/-1.5%) by December 31, 2019.
Dow: Tuesday Turning Point
A majority of the gap down identified on 10/6/19 was filled today. A down day is expected on Monday followed by an up day on Tuesday to fill the remainder of the gap. Tuesday’s peak will initiate the start of a decline going into November.
Dow: October Turning Point
Time is short for Market Makers. The latest calculations indicate a turning point in the Dow by Monday, October 14, 2019 (+/- 1 day). Preliminary calculations show the Dow is expected to decline to 24,527 (+/-1%) by November 6, 2019, and then move upward for ten days before the next turn to continue the decline.
(Disclaimer)
Dow: Algorithm Adjustment
A gap down occurred in the Dow futures between 26,986.5 and 26,956 on October 1, 2019 at 10:00 a.m. (EST). The Dow Index algorithm is expected to move the Dow up and fill this gap by November 11, 2019. Final computer model adjustments show the Dow dropping to 22,300 (+/- 1.5%) before December 31, 2019.
Dow: Structure Planned
Today’s move in the Dow’s structure indicates a significant move to the downside is planned. If the Dow moves up to 26,900 (+/-0.5%) by October 11, 2019 (+/-1 trading day), a high probability exits for the Dow to decline to 23,045 (+/-1%) before December 31, 2019.
Dow: 90 Years Later
Dow: 8 Trading Days
As of the close on October 1, 2019, the Dow is expected to move higher over the next 8 (+/-1) trading days before turning down. There is a very high probability (80% chance) that the Dow will hit a low of 25,928 (+/-1%) before November 5, 2019 (+/-1 trading day). There is also a 60% chance that the Dow will hit 24,951 (+/-1%) before the end of 2019.
(Disclaimer)
Dow: Decline and Volatility
Based on current futures trading data calculations, a significant amount of potential energy exists in the financial system to support a sharp decline in the Dow before the end of 2019. This decline could start as early as September 30, 2019 and move the Dow down to levels last seen during the week of December 17, 2018. A sharp rally is also expected to follow this decline with a recovery of at least 60%, followed by another decline. The volatility Index will move to extremely high levels during this time.
Gold: Update
Following up with the “Gold vs Liquidity” entry on 9/22/19, the final CME October 2019 Gold Futures price today was 1495.90. This close was well within the 1% range noted on 9/22/19. Watch the price move higher going into December 2019.
Gold’s Next Move
The September 25, 2019 final CME Gold Futures settlement price was 1512.90. This was within 1% of 1498 (1483.02-1512.98) projected on September 22, 2019. Preliminary data from an update of the gold computer model indicates a near-term peak of 1675 (+/-1%) is expected on December 11, 2019 (+/- 1 trading day).
Gold vs Liquidity
Following a truncated peak in the Dow, futures trading data and gold model structures currently indicate metals prices are expected to move higher this year. Calculations now show gold moving to 1498 (+/-1%) by September 26, 2019 (+/-1 trading day) before moving higher. Preliminary calculations show a gold price in the range of 1675 by December 20, 2019 as the Fed continues to add liquidity. This move will occur in an environment where currencies, such as the Australian Dollar and British Pound are in decline, and copper exhibits a structure that presents the beginning of a long term move to significantly higher levels.
Dow: Structure Peak
A daily high of 27,272.17 occurred at 11:39 a.m. on September 19, 2019. This was within 0.5% of the projected closing high of 27,386.27 and one trading day earlier than expected, as noted on September 17, 2019. This peak is expected to be the starting point for a long term decline.
Dow: Peak Calculation
The Dow is currently within 2.2% of the 27,738.40 calculated on August 31, 2019. Daily trades indicate Market Makers are being held to a strict timeline with a projected closing high of 27,386.27 (+/- 0.5%) on Friday, September 20, 2019 or Monday, September 23, 2019. Upon reaching this target, Market Makers are expected to start the engrbytrade Eight Point Trading Model™ shown above. Preliminary calculations indicate a low of 19,000 (+/-2%) will occur after moving down from point 8 on the chart. A time frame of several months has been planned for this decline.
Gold: Decline Set
Futures trading data confirms that Commercial Futures Traders are in the final steps of setting up a structure that is expected to take the price of gold down to 1260 (+/-1%) before the end of 2019. When this move is complete, gold is then expected to move higher in 2020.
Gold: Structure Update
A shallow decline to the 1475-1480 range going into October or November followed by a move above 1557 in December or January will confirm Commercial Traders are accelerating their timeline for a rapid rise in the metals. Prices could move exponentially higher as early as the last half of 2021.
Dow: Tracking the Dow
The Dow is on track day-for-day toward 27,738.40 (+/- 1.0%) with a peak by September 24, 2019 (+/- 1 trading day). Following this peak, the Dow is still expected to start a long term decline with the first short leg down to 24,870 (+/-1.0%) by November 4, 2019 (+/- 1 trading day). If there are any changes to this scenario prior to September 24, 2019, they will be posted.
Dow: Long Term Peak
Short term calculations confirm a very high probability exists for the Dow to peak on September 24, 2019 (+/- 1 trading day). From September 24, 2019 a steady long-term decline in the Dow is expected to occur over the next two years. Minor adjustments have been made to the short term model shown below.
Current Projected Scenario (Model #2019-4, Rev.3.1)
Dow closing price on August 30, 2019: 26,403.28
The Dow is expected to:
Move up to 27,738.40 (+/- 1.0%) by September 24, 2019 (+/- 1 trading day)
Move down to 24,870 (+/-1%) by November 4, 2019 (+/- 1 trading day)
Move up to 26,558 (+/-1%) by November 19, 2019 (+/- 1 trading day)
Move down to 23,505 (+/-1%) by December 24, 2019 (+/- 1 trading day)
Dow: Extreme Volatility
Calculations based on the actions of market makers and structures they create, reveals a truncated rally with a peak expected in September, 2019. Extreme volatility will be the norm in the last quarter of 2019. Due to this volatility, calculations shown below are preliminary and are subject to change as Market Makers incorporate their adjustments. Overall, a decline in the Dow is expected to continue well into 2020.
Current Projected Scenario (Model #2019-4, Rev.3)
Dow closing price on August 23, 2019: 25,628.90
The Dow is expected to:
1. Move up to 27,605 (+/- 1.0%) by September 20, 2019 (+/- 1 trading day)
2. Move down to 24,870 (+/-1%) by November 4, 2019 (+/- 1 trading day)
3. Move up to 26,558 (+/-1%) by November 19, 2019 (+/- 1 trading day)
4. Move down to 23,505 (+/-1%) by December 24, 2019 (+/- 1 trading day)
Gold and Silver Peak
Commercial Traders data and structural computer models indicate plans are in place to initiate a decline in Gold and Silver over the next several months. This decline is part of a structure where the metals are expected to follow stock markets to lower levels with gold and silver reaching 1247 and 14.95 respectively by April 2020. This will setup the metals for a continuation of their long-term move to significantly higher levels over the next several years.
Dow: September Peak
With today’s decline, preliminary model calculations show a market peak occurring on September 18, 2019 (+/- 1 trading day), during options expiration week. This peak is earlier than expected and indicates Market Makers may be adjusting their plans to start driving markets lower in early October. Until then, calculations will be reviewed daily to see if any adjustments are needed.
Dow: Pullback
Today’s short term pullback was a repeat performance of August 14, 2019 and provided Market Makers with the opportunity to accumulate additional inventory in order to move the Dow higher in September.
Dow: Filled the Gap
The August 18, 2019 gap in the futures market was filled today. Time to move up again.
Dow: Aramco’s IPO
Aramco has decided to move forward with their IPO near the market’s all-time high. A sign that the top is very close.