DIA Forecast for April 4-2-24 (Free Elite)

DIA Monthly

We see that in our Trend Models there is a Major Target for the Month of April to be a reverse in Trend from that of March. March finishing upside could point to an April Downside going into the May Target which appears to be setting in place a new Trend thereafter.

However, should we see a new High this week of the 1st from the prior week of March 25th this should point to an April High forming and a stronger downside move for the Month of May.

As it stands now it appears that the month of April should be downside with the bottom forming early May. There after we see a new trend develop into our next Peak in July.

DIA Weekly

We see here that there is a clear Trend developing from the week of April 1st to the week of April 8th.

Should we see the week of April 1st be a downside week that would point to a temporary-low forming the week of April 8th; however, should we see a new High form this week of April 1st that would point to a continued Rally building up into the week of the 8th where we should see a reversal in trend into the week of April 29th.

DIA Daily

Looking at our trend model you can see that the 3rd is the most likely target for either a Bottom to form in this current trend OR a reverse in the current downside trend. We have a new Trend developing from the 4th to Monday the 8th. As of now it seems that whatever trend is set for the 4th it should carry over into the 8th. Watch these upcoming targets to dictate the next move.

Quick Summary

Downside event for the month of April seems likely for the Dow Jones Industrial Average. This points to a bottom and reversal in trend for the month of May culminating in a probable High in July. Should we see the month of April form a new High and close Higher inverting this would then point to a strong Downside movement into July.

Weekly the close of the week of the 1st should dictate our move into the week of the 8th Most likely forming either a temporary low or possibly the high for the week of the 8th. Which will then most likely result in the next change in trend moving thereafter. Downside into the week of the 8th with a bounce thereafter should this week close downside.

Daily as of now should Thursday the 4th be an Upside Day expect the trend to carry into the 8th. Should it be a downside move expect a continued downside movement into the 8th.