Summary
Phil Anderson reviews where the Dow Jones stands as of mid-July 2022 relative to the 2022 Gann Roadmap, which had forecast a high early in the year followed by a sell-off into July. He uses historical price repetition, 50% retracement levels, prior tops as support, and emotional market sentiment as converging signals to assess whether the June 2022 low may be a significant turning point, and outlines his expectations for a better finish to 2022.
Key Claims
- The 2022 Roadmap anticipated a high early in the year and a sell-off low in July — confidence: high
- Historical price repetition (measuring prior down moves within an uptrend) suggested a decline to approximately the 50% retracement of the March 2020 – January 2022 range — confidence: medium
- Prior market tops (February 2020) were expected to act as support at the June/July 2022 lows — confidence: medium
- The 17 June 2022 low coincided with the seasonal June 21 timeframe that Gann analysis consistently monitors — confidence: high
- Emotional public statements from major corporate leaders near the June low were read as a contrary bullish indicator — confidence: medium
- The Dow holding above the 17 June low despite worsening news indicates buyers outweigh sellers at current prices — confidence: high
- The real estate cycle and Gann decade cycle both support the expectation that the broader uptrend continues into 2026 — confidence: medium
- A retest of the June low is possible but not expected to be dramatic; a better finish to 2022 is anticipated per the Roadmap — confidence: medium
Mex Pete References
None.
Stock Picks / Signals
None.
Predictions / Forecasts
- Dow Jones likely to retest the 17 June 2022 low without major deterioration
- Better finish to 2022 expected, consistent with the annual Roadmap
- Broader bull market expected to continue into 2026 based on real estate cycle and Gann decade cycle
- Watch the 20-year and 60-year Roadmap forecasts for remaining 2022 guidance
Notable Quotes
“Most important as at today, the economic / emotional news seems to be getting worse, but the Dow is reacting less and remains above the 17 June low. That tells you quite a bit: Simply put, buyers are more prevalent than sellers at these current Dow prices, despite the news.”
“17 June saw plenty of emotion… Most notably the heads of several large corporations and world’s richest persons making some pretty emotional statements… There’s a good sign to do the opposite.”