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Thomas Bulkowski’s successful investment activities allowed him to retire at age 36. He is an internationally known author and trader with 30+ years of stock market experience and widely regarded as a leading expert on chart patterns. He may be reached at

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Getting Started in Chart Patterns, Second Edition book.
Trading Basics: Evolution of a Trader book.
Fundamental Analysis and Position Trading: Evolution of a Trader book.
Swing and Day Trading: Evolution of a Trader book.
Visual Guide to Chart Patterns book.
Encyclopedia of Candlestick Charts book.
Encyclopedia of Chart Patterns 2nd Edition book.
Trading Classic Chart Patterns book.

Bulkowski's Chart Pattern Indicator Update

Class Elliott Wave Fundamentals Psychology Quiz Research Setups Software Tutorials More...
Busted
Patterns
Candles Chart
Patterns
Event
Patterns
Small Patterns
Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P500 (^GSPC):
As of 07/02/2015
17,730 -27.80 -0.2%
8,123 18.64 0.2%
561 7.55 1.4%
5,009 -3.91 -0.1%
2,077 -0.64 0.0%
YTD
-0.5%
-11.1%
-9.2%
5.8%
0.9%
Tom's Targets    Overview: 06/30/2015
18,100 or 17,300 by 07/15/2015
7,800 or 8,500 by 07/15/2015
523 or 578 by 07/15/2015
5,200 or 4,850 by 07/15/2015
2,120 or 2,030 by 07/15/2015
Wilder RSI: -3.6%

Written by and copyright © 2005-2015 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You and you alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.

My book, Swing and Day TradingSwing and Day Trading: Evolution of a Trader book., pictured on the left, discusses the chart pattern indicator starting on page 133. It discusses the Nr7 pattern and the CPI equation, too.

If you click on this link and then buy the book (or anything) at Amazon.com, the referral will help support this site. Thanks. -- Tom Bulkowski

$ $ $

This page shows two views of the chart pattern indicator.

 
From the FAQ...
Why do daily CPI readings not match those from the spreadsheet?

Chart Pattern Indicator Analysis

For daily signal updates, see CPI.html which shows the locations of where the signal is announced.

The following are DAILY price charts, updated once a week (after Friday's close, current as of that close). The scaling is approximate for the indicator (meaning it might look like it's at 36, but the actual value is really 34...it's a drawing issue with the charts I'm using).

Chart pattern indicator chart with buy and sell signals highlighted

The above chart shows all of the signals as of Friday's close (and not updated until after next Friday's close), hiding the indicator line beneath the vertical bars. Vertical green bars are bullish, red ones are bearish, and white areas are neutral. The following charts clarify the signals.

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Chart pattern indicator chart with buy and sell signals highlighted

The most recent signal was bearish on 06/23/2015.

This chart shows the bullish and bearish signal CHANGES. As with the other charts on this page, it is updated only ONCE each week, after Friday's close.

The S&P 500 Index appears as price bars on the top, and the indicator is the blue line (which looks black) between the red and green bars near the bottom of the chart.

The last chart, below, shows the indicator by itself.

Signals can change for up to a week. If you do not understand why this happens, then read about the indicator construction, especially the warnings section.

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Raw chart pattern indicator chart

The chart pattern indicator line is not as important as the signals which it generates, but I have included a third chart of the indicator itself so you can check for divergence. Divergence often gives hints as to which way the index moves in the future.

Look for lower/higher peaks in the indicator while the index is making flat or higher/lower peaks. The index will often follow the indicator.

Patternz Configuration

I moved the program setup to the CPI.html page. Click the link to be taken there.

-- Thomas Bulkowski

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See Also

Written by and copyright © 2005-2015 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You and you alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Warning: Dates on calendars are closer than they appear!