DOW JONES INDUSTRIALS AS OF THE CLOSE OF Fri. Sep. 2, 2022: Next Monday is Labor Day which is a holiday in the United States. Dow Jones Industrials closed below our indicating ranges on the Daily level. The market closing today at 3131844 is immediately trading down about 13% for the year from last year's settlement of 3633830. At present, this market has been rising for 2 months going into September reflecting that this has been only still a bullish reactionary trend. As we stand right now, this market has made a new low breaking beneath the previous month's low reaching thus far 3118209 while it's even trading beneath last month's low of 3150959.

Up to now, we still have only a 2 month reaction rally from the low established during June. We must exceed the 3 month mark in order to imply a trend is developing.

Our next daily target is Tuesday September 6th. The next Weekly target for a turning point will be 08/29/2022 whereas the strongest target ahead on our Weekly Array will be 10/10/2022. This also falls within the next target on our Monthly Array will beSeptember which is also a Panic Cycle. Looking beyond the next key Monthly turning point in the Array we come to September which is a Panic Cycle suggesting that will perhaps become the next target thereafter.

The Dow Jones Industrials opened within last year's trading range which was 3667944 to 2985630. Right now, the market is still trading inside last year's trading range with the last print at 3131844. The last time such a similar pattern took place was 1960. Nonetheless, the market is trading below the opening print for the year which was at 3632159. As long as this market remains trading below 3330297 on a closing basis, then a similar year-end closing in this posture will warn that we could have a knee-jerk low in place this year.

Economic Confidence Model CORRELATION

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