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Written by and copyright © 2007-2009 by Thomas N. Bulkowski. All rights reserved.
This page shows two views of the chart pattern indicator.
Chart Pattern Indicator Analysis
The above chart shows all of the signals, 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.
The most recent signal was bullish on 02/01/2010.
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.
The charts on this page are updated weekly, usually Friday evening (but daily signals are available).
Also, 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.
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.
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