Bulkowski's Blog: ThePatternSite.com
As of 03/25/2026
  Indus: 46,429 +305.43 +0.7%  
  Trans: 18,441 +112.24 +0.6%  
  Utils: 1,140 +1.79 +0.2%  
  Nasdaq: 21,930 +167.94 +0.8%  
  S&P 500: 6,592 +35.53 +0.5%  
YTD
-3.4%  
 +6.2%  
 +6.7%  
-5.6%  
-3.7%  
  Targets    Overview: 03/13/2026  
  Down arrow44,000 or 48,800 by 04/01/2026
  Down arrow17,100 or 19,100 by 04/01/2026
  Up arrow1,300 or 1,090 by 04/01/2026
  Down arrow21,200 or 23,700 by 04/01/2026
  Down arrow6,350 or 6,900 by 04/01/2026
As of 03/25/2026
  Indus: 46,429 +305.43 +0.7%  
  Trans: 18,441 +112.24 +0.6%  
  Utils: 1,140 +1.79 +0.2%  
  Nasdaq: 21,930 +167.94 +0.8%  
  S&P 500: 6,592 +35.53 +0.5%  
YTD
-3.4%  
 +6.2%  
 +6.7%  
-5.6%  
-3.7%  
  Targets    Overview: 03/13/2026  
  Down arrow44,000 or 48,800 by 04/01/2026
  Down arrow17,100 or 19,100 by 04/01/2026
  Up arrow1,300 or 1,090 by 04/01/2026
  Down arrow21,200 or 23,700 by 04/01/2026
  Down arrow6,350 or 6,900 by 04/01/2026

March 2026 Headlines

Archives


Thursday 3/26/26. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 0.8% or 167.94 points. Since 02/05/1971 the Nasdaq made 441 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 291 occasions.
     Average loss was -0.7% on 150 occasions.
Expect the Nasdaq to close higher 66.0% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 304/559 or 54.4% of the time.
     The prediction of the Nasdaq closing lower has been right 89/185 or 48.1% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

I show a picture of the Nasdaq composite on the 5-minute scale.

I've labeled some of the chart patterns that appear on the 5-minute scale. Let's talk about the ascending triangle at A. Point A doesn't appear to close above the top red line, so it's not a breakout. Rather, the breakout in this pattern is downward.

So far, the drop hasn't been far enough to meet the target, but it's close. The target is the height of the triangle (tallest, at the start) subtracted from the breakout price.

The target is just a number. It's a way of calculating the probability of the index reaching the target. In other words, the target is not a magnet sucking price to it.

$ $ $

Here's a symbol list of 135 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACN, ADBE, AMD, AES, AFL, APD, ALB, ALGT, AMZN, DOX, AEE, AFG, AIG, ARCB, ARW, ASH, AVA, AZTA, BCPC, BALL, BSET, BAX, BIO, BMRN, BAH, BSX, CACI, CAL, CE, CX, CNC, CENX, CHKP, CHD, CLF, CL, CMTL, CAG, CSGP, CRH, CTS, CMI, DHR, D, DTE, EFX, EVRG, EZPW, FAST, FMC, FTNT, FCX, FRD, GFS, GOOGL, THG, HLIT, HIG, IDA, ILMN, PODD, ITGR, JKHY, LAMR, LLY, LNC, RAMP, LMT, M, MRTN, MTRX, MRK, MRCY, MGEE, MLKN, MLI, NOV, NEU, ORI, OLN, ON, OUT, PKE, PAYX, PFG, PG, KWR, RGA, RLI, RCKY, SAIA, SLB, SCHW, SMG, SEIC, SCI, NOW, SKYW, SGI, SR, SSYS, SNPS, TPR, TDOC, TEVA, RIG, UIS, VMI, WAT, WU, WEX, WWD, IYK, IEZ, IDU, SOXX, EWZ, EWP, EWT, XLU, SMH. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  20,560.50    
 Weekly S2  20,960.53  400.03   
 Monthly S1  21,245.17  284.64   
 Weekly S1  21,445.18  200.01   
 Daily S2  21,735.10  289.92   
 Daily S1  21,832.47  97.36   
 Low  21,865.46  32.99   
 Close  21,929.83  64.37   
 61.8% Down from Intraday High  21,952.45  22.62   Yes! The 61.8% Down from Intraday High is close to the Close.
 Daily Pivot  21,962.82  10.38   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  21,979.32  16.50   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  22,006.19  26.87   
 Open  22,006.43  0.24   Yes! The Open is close to the 38.2% Down from Intraday High.
 Weekly Pivot  22,007.41  0.98   Yes! The Weekly Pivot is close to the Open.
 Daily R1  22,060.19  52.78   
 High  22,093.18  32.99   
 Daily R2  22,190.54  97.36   
 Monthly Pivot  22,207.42  16.88   Yes! The Monthly Pivot is close to the Daily R2.
 Weekly R1  22,492.06  284.64   
 Monthly R1  22,892.09  400.03   
 Weekly R2  23,054.29  162.20   
 Monthly R2  23,854.34  800.05   

Wednesday 3/25/26. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

This is a picture of the chart pattern indicator on the daily scale. The indicator is the line chart below a chart of the S&P 500 composite.

The CPI has been bearish for about three weeks now, but is currently neutral. The value is 44.4, on a scale of 0 to 100 with bearish at 35 and below, and bullish at 65 and above.

The neutral bar is the vertical white one on the far right of the chart. It has bounced off the bottom on hope the Iran war will end.

I don't believe it. I think the index will drop again when unfavorable news about oil hits the waves.

$ $ $

Here's a symbol list of 117 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ADBE, ALGT, DOX, AEO, AME, APA, AMAT, ARCB, ADM, BSET, BBY, BMRN, BMY, BG, CBT, CACI, CAL, CENX, CHKP, CVX, CHD, CSGP, CRH, CTS, FANG, DOV, ELV, EFX, EL, EXPI, FICO, FAST, FTNT, FWRD, FRD, GFS, GS, GOOGL, HQY, HTLD, HL, HOV, HUBG, HURC, IDA, IDXX, ITW, ILMN, JKHY, KLAC, RAMP, M, MRTN, MAS, MTRN, MRCY, MCO, NOV, NTAP, NJR, NEU, PKE, PAYX, PRU, RGS, ROP, ROST, R, SAIA, SLB, SMG, SRE, NOW, SKYW, SR, SPSC, SXI, SNPS, TPR, TXN, TXT, TMO, UIS, VMC, WRB, WAT, WERN, WSM, FDN, QTEC, AIQ, IAT, MXI, ILF, IGE, IHI, EWA, TUR, XLP, UNG, VHT, MGK, VONG. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

-- Thomas Bulkowski

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Tuesday 3/24/26. Slider Trading Quiz!

The Dow climbed by 1.4% or 631 points. Since 10/01/1928 the Dow made 226 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 134 occasions.
     Average loss was -0.7% on 92 occasions.
Expect the Dow to close higher 59.3% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 330/603 or 54.7% of the time.
     The prediction of the Dow closing lower has been right 63/129 or 48.8% of the time.

$ $ $

I show another slider trading quiz featuring Northwest Pipe 2 (NWPX) stock.

$ $ $

Here's a symbol list of 197 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ABM, ACIW, ADBE, AEIS, AMZN, AFG, AMN, APH, AMAT, ATR, ANET, AVY, AVNT, AXS, BMI, BZH, BIIB, BRC, BCO, BR, BRKR, BLDR, CACI, CDNS, CLS, CX, CF, CIEN, CSCO, CNX, CGNX, CMCO, CAG, CSGP, CROX, CCK, CTS, CMI, CW, XRAY, ^DJT, ^DJI, EXP, ECL, ELV, EMR, EOG, EQT, EL, EVH, EXPI, EZPW, FICO, FIVN, FLS, FORM, FCX, FDP, GAP, GIS, GFF, HE, HP, HSY, HNI, DHI, HOV, HWM, JBHT, IIIN, IBKR, TILE, JKHY, KALU, KBH, KLAC, KSS, LZB, LRCX, LAMR, LEG, LDOS, LEN, LNC, LOW, MHO, MTSI, MRTN, MLM, MTRN, MTRX, MU, MLKN, NBR, NOV, NTGR, NJR, NWL, NOC, NWPX, OMCL, ASGN, ORCL, OUT, PKG, PAYX, PCTY, PYPL, PFE, PLXS, PPG, PHM, DGX, RL, RJF, RGS, RNG, ROG, ROST, ^GSPC, SBH, SMG, SEE, SMTC, SHW, SGI, SCCO, SR, SNPS, TPR, TGT, TDOC, TER, TKR, TOL, RIG, TRV, TG, TWLO, UHAL, UIS, UPS, VLO, VECO, WRB, WMT, WSO, WU, WEX, WSM, WSC, WWW, WDAY, IYC, IYE, FDN, AIQ, BOTZ, IEV, IGV, MXI, IXN, ILF, IGE, ITB, EWA, EWO, EWZ, EWC, EEM, EWQ, EWG, EWI, EWM, EWP, EWD, EWL, EWT, THD, TUR, EWU, PEJ, PXJ, PHO, ROBO, XLY, XLP, XLE, XHB, VAW. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Dow industrials, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  42,630.47    
 Weekly S2  44,276.60  1,646.13   
 Monthly S1  44,419.47  142.87   
 Weekly S1  45,242.54  823.07   
 Daily S2  45,333.03  90.50   Yes! The Daily S2 is close to the Weekly S1.
 Daily S1  45,770.75  437.72   
 Open  45,803.82  33.07   Yes! The Open is close to the Daily S1.
 Low  45,803.82  0.00   Yes! The Low is close to the Open.
 61.8% Down from Intraday High  46,150.87  347.05   
 Close  46,208.47  57.60   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot  46,241.54  33.07   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  46,258.07  16.54   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 Weekly Pivot  46,335.33  77.25   Yes! The Weekly Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  46,365.28  29.95   Yes! The 38.2% Down from Intraday High is close to the Weekly Pivot.
 Daily R1  46,679.26  313.98   
 High  46,712.33  33.07   Yes! The High is close to the Daily R1.
 Daily R2  47,150.05  437.72   
 Monthly Pivot  47,158.39  8.34   Yes! The Monthly Pivot is close to the Daily R2.
 Weekly R1  47,301.26  142.87   
 Weekly R2  48,394.06  1,092.80   
 Monthly R1  48,947.39  553.33   
 Monthly R2  51,686.31  2,738.92   

Monday 3/23/26. Market Monday: The Week Ahead

My Prediction

Picture of the Dow transports on the daily scale.

I show the Dow transports on the daily scale.

Peaks AB highlight a weird-looking double top with peak B slightly below peak A (they should be near the same price). The pattern confirms as a valid chart pattern when the index closes below the low at C.

I drew a green line from the recent bottoms to the left and circled support. This support might send the index soaring, but I have my doubts. More likely is that Trump's war will force oil prices to continue rising and that will hurt the US economy. A bad economy will hurt companies and their outlook, keeping a rise in the indices muted for a time, perhaps months.

Even if the war were to end tomorrow, it would still take months for the damaged oil infrastructure to be repaired. That means the price of oil will drop but not as low as it was before the war. Yes, some of the floating supply will be used up but restoring service to what it was will keep oil prices high.

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A Brief Look Back

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

Monday: Up 387.94 points.
Tuesday: Up 46.85 points.
Wednesday: Down 768.11 points.
Thursday: Down 203.72 points.
Friday: Down 443.96 points.

For the Week...

The Dow industrials were down 981 points or 2.1%.
The Nasdaq composite was down 457.75 points or 2.1%.
The S&P 500 index was down 125.71 points or 1.9%.

Year to Date...

Dow Industrials
     9.8% down from the high of 50,512.79 on 02/10/2026.
     0.5% up from the low of 45,369.39 on 03/20/2026.
Nasdaq
     9.8% down from the high of 23,988.27 on 01/28/2026.
     0.6% up from the low of 21,522.76 on 03/20/2026.
S&P 500
     7.1% down from the high of 7,002.28 on 01/28/2026.
     0.5% up from the low of 6,473.52 on 03/20/2026.

Options Expiration

No options expire this week.

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Swing Traders: Pivot Points

The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  44,973  45,275  45,672  45,974  46,371 
Weekly  44,066  44,822  46,125  46,881  48,184 
Monthly  42,420  43,999  46,948  48,527  51,476 
S&P500 (^GSPC): Daily  6,404  6,455  6,525  6,576  6,646 
Weekly  6,297  6,402  6,578  6,683  6,859 
Monthly  6,165  6,336  6,644  6,815  7,123 
Nasdaq (^IXIC): Daily  21,248  21,448  21,722  21,922  22,197 
Weekly  20,866  21,257  21,913  22,304  22,960 
Monthly  20,466  21,057  22,113  22,704  23,760 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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Earnings, Chart Patterns & Industries

Earnings season is over.

Here's a symbol list of 176 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ABT, ACH, ADBE, AEIS, APD, ALB, AA, AEE, AME, APOG, AMAT, ATR, ADM, AWI, ASH, AIZ, AGO, AVNT, BAX, BA, BMY, BR, BLDR, CLS, CIEN, CLX, CTSH, CCRN, CCK, XRAY, FANG, EXP, EMN, ECL, EPAM, EVRG, EVH, XOM, FDX, FORM, FTNT, FDP, GE, GL, GGG, HLIT, HNI, HOV, HWM, HUBG, IDA, IEX, ITW, IBP, INTC, IPAR, JAZZ, KALU, KMT, KMB, KLAC, LHX, LZB, LRCX, LEG, LPLA, MHO, MRTN, MAS, MRCY, META, MU, MSFT, MLKN, MLI, NJR, NWL, NEE, NOC, NWPX, OGE, OR, OUT, PKG, PAYX, PCTY, PFE, PCG, PLXS, PPG, QTWO, KWR, RTX, RGS, RNG, RCKY, ROG, ROL, ROST, RGLD, RES, SMG, SRE, SCI, SLGN, SGI, SR, SXI, SSYS, TER, TEVA, TXN, TMO, RIG, TZOO, TG, UHAL, UIS, VLO, VRSN, WMT, WLK, WEX, WPM, WDAY, XEL, ITA, IYM, IYK, IYC, IDU, FTEC, FXI, MXI, ILF, ITB, EWZ, EEM, EIS, EWM, EPP, EWS, EWY, EWL, TUR, PPA, ROBO, XLP, GLD, XLI, XLB, VAW. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

The below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Oilfield Svcs/Equipment1. Semiconductor Cap Equip.
2. Telecom. Equipment2. Telecom. Equipment
3. Semiconductor Cap Equip.3. Semiconductor
4. Semiconductor4. Oilfield Svcs/Equipment
5. Petroleum (Producing)5. Petroleum (Producing)
6. Petroleum (Integrated)6. Metals and Mining (Div.)
7. Natural Gas (Diversified)7. Petroleum (Integrated)
8. Machinery8. Natural Gas (Diversified)
9. Air Transport9. Machinery
10. Metals and Mining (Div.)10. Biotechnology
Best Performing AboveWorst Performing Below
50. Healthcare Information50. Healthcare Information
51. IT Services51. Furn/Home Furnishings
52. Internet52. IT Services
53. Furn/Home Furnishings53. Internet
54. Homebuilding54. E-Commerce
55. Building Materials55. Building Materials
56. Information Services56. Homebuilding
57. E-Commerce57. Computer Software and Svcs
58. Computer Software and Svcs58. Investment Co. (Domestic)
59. Investment Co. (Domestic)59. Information Services
60. Human Resources60. Human Resources

-- Thomas Bulkowski

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Friday 3/20/26. Pattern Trading Setups for the Weekend.

Here's a symbol list of 222 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ACH, ACN, ACIW, AYI, ADBE, AEIS, AMD, AKAM, ALKS, AEE, AFG, AIG, AMWD, AR, APA, AMAT, ARCB, ACGL, AIZ, ATO, AVNT, BAX, BZH, BMRN, BA, BFH, BMY, BR, BLDR, CBT, CACI, CLS, CHD, CIEN, CLNE, CLX, CNA, CGNX, CTSH, CL, CSGP, COST, CRH, CCRN, CCK, CSGS, XRAY, DVN, ^DJI, D, DTE, DUK, EXP, ECL, EXC, EXPD, FAST, FLEX, FORM, FWRD, FNV, FCX, FDP, GD, GE, GL, THG, HL, HSIC, HNI, HD, HUM, JBHT, IBP, IPAR, IPI, ISRG, KALU, KELYA, KMT, KFRC, KLAC, KLIC, LRCX, LOW, MHO, MANH, MTRN, META, MU, MLI, NBR, NFG, NTAP, NWL, NOC, NVDA, OXY, ORCL, OR, OUT, PKG, PAYX, PCTY, PNW, PLXS, PPG, PPL, PG, QTWO, KWR, RTX, RGS, RNG, RLI, RCKY, RGLD, RES, SAIA, SCI, SLGN, SGI, SO, SCCO, SWX, SR, TDOC, TER, TXT, TKR, RIG, TZOO, TG, UHAL, UIS, UPS, WMT, WU, WEX, WPM, WSC, WDAY, XEL, ITA, IYM, IAI, IYK, IYC, IEZ, IDU, FXL, ICF, IYH, MXI, IXN, ILF, SOXX, SLV, IGE, IEO, ITB, IHI, EWC, ECH, EIS, EWM, EWW, EPP, EWS, EZA, EWY, EWD, THD, TUR, PPA, DBA, PJP, ROBO, XLY, XLP, GLD, XLV, XHB, XLI, XLB, VHT, VAW. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

You can find setups based on a Fibonacci retrace by clicking on the link.

The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

For details about the chart patterns, click here.

-- Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ADBEPipe top      03/02/202603/09/2026Computer Software and Svcs
AADouble Top, Adam and Eve      03/04/202603/17/2026Aerospace/Defense
AEPDouble Top, Eve and Eve      02/27/202603/16/2026Electric Utility (Central)
AMNDouble Top, Adam and Eve      02/24/202603/05/2026Human Resources
AAPLPipe top      02/02/202602/09/2026Computers and Peripherals
ACGLDouble Top, Adam and Adam      02/06/202603/02/2026Insurance (Prop/Casualty)
AXSTriangle, symmetrical      12/08/202503/19/2026Insurance (Prop/Casualty)
BCPCDouble Top, Eve and Eve      02/17/202603/02/2026Chemical (Specialty)
BMRNPipe top      02/17/202602/23/2026Biotechnology
BMYDouble Top, Adam and Eve      02/06/202603/02/2026Drug
BRPipe top      03/02/202603/09/2026Information Services
BBWDouble Top, Eve and Adam      09/15/202501/15/2026Retail (Special Lines)
CDNSDiamond top      02/10/202603/03/2026Computer Software and Svcs
CALMDouble Top, Eve and Eve      03/06/202603/12/2026Food Processing
CORTriple top      11/25/202503/02/2026Biotechnology
CIENPipe bottom      03/02/202603/09/2026Telecom. Equipment
CINFDouble Top, Eve and Adam      03/02/202603/17/2026Insurance (Prop/Casualty)
CLDouble Top, Eve and Eve      02/12/202602/27/2026Household Products
CMTLDead-cat bounce      03/17/202603/17/2026Telecom. Equipment
CXWUgly double bottom      02/23/202603/10/2026Industrial Services
XRAYPipe top      02/23/202603/02/2026Medical Supplies
FASTDouble Top, Eve and Adam      02/04/202603/05/2026Retail Building Supply
FNVHead-and-shoulders top      02/11/202603/10/2026Metals and Mining (Div.)
FCXDouble Top, Adam and Eve      01/29/202602/25/2026Metals and Mining (Div.)
HPTriangle, symmetrical      02/04/202603/13/2026Petroleum (Producing)
DHITriple top      12/04/202502/17/2026Homebuilding
IDXXHead-and-shoulders top      11/03/202501/13/2026Drug
ISRGHead-and-shoulders top      02/20/202603/04/2026Medical Supplies
KALUHead-and-shoulders top      01/22/202603/04/2026Metals and Mining (Div.)
MRCYHead-and-shoulders top      02/20/202603/10/2026Computers and Peripherals
MUPipe bottom      03/02/202603/09/2026Semiconductor
^IXICTriangle, symmetrical      02/25/202603/18/2026None
NTAPDouble Bottom, Eve and Eve      02/27/202603/10/2026Computers and Peripherals
NKEDouble Top, Eve and Adam      12/12/202502/20/2026Shoe
NOCPipe top      03/02/202603/09/2026Aerospace/Defense
NWPXPipe top      02/23/202603/02/2026Building Materials
ORCLDouble Bottom, Adam and Adam      02/05/202602/23/2026Computer Software and Svcs
ORPipe top      02/23/202603/02/2026Metals and Mining (Div.)
RGSPipe bottom      03/02/202603/09/2026Toiletries/Cosmetics
RLITriple top      02/12/202603/13/2026Insurance (Prop/Casualty)
RGLDPipe top      01/20/202601/26/2026Metals and Mining (Div.)
SAIATriple top      02/06/202603/04/2026Trucking/Transp. Leasing
SMTCPipe top      02/23/202603/02/2026Semiconductor Cap Equip.
SCIPipe top      02/23/202603/02/2026Industrial Services
SCCODouble Top, Eve and Eve      01/29/202602/27/2026Metals and Mining (Div.)
SWXHead-and-shoulders top      02/17/202603/17/2026Natural Gas (Distributor)
TFXRounding bottom      01/06/202602/26/2026Diversified Co.
TXNDouble Top, Eve and Eve      02/03/202602/11/2026Semiconductor
TXTHead-and-shoulders top      02/12/202603/02/2026Diversified Co.
TMODouble Top, Eve and Adam      02/24/202603/05/2026Precision Instrument
WRBDouble Top, Adam and Adam      02/12/202603/02/2026Insurance (Prop/Casualty)
WPMDouble Top, Adam and Eve      01/29/202603/02/2026Metals and Mining (Div.)
WWDDouble Top, Eve and Eve      02/09/202603/02/2026Precision Instrument

 

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Thursday 3/19/26. Intraday Market Direction: Nasdaq

The Nasdaq dropped by -1.5% or -327.11 points. Since 02/05/1971 the Nasdaq made 126 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.2% on 62 occasions.
     Average loss was -1.2% on 64 occasions.
Expect the Nasdaq to close lower 50.8% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 304/559 or 54.4% of the time.
     The prediction of the Nasdaq closing lower has been right 88/184 or 47.8% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

I show a picture of the Nasdaq composite on the 5-minute scale.

There are a few chart patterns highlighted on the chart. AB and DE are a pair of double bottoms. Pattern DE confirms when the index closes above the blue line. It's hard to tell but it appears to happen at spike F. Confirmation means the squiggles on the chart become valid chart patterns.

In this case, the move upward lasted only to F before the index reversed, busting the upward breakout.

AB is a double bottom but price bar C is not a minor low but a continuation of the upward move from the 3/13 close. It's not part of the double bottom (to form a triple bottom). Point G confirms the pattern but the rise after confirmation is meager.

Since then, the index has tumbled. My guess is it'll continue lower as Iran hits back on the oil sector.

$ $ $

Here's a symbol list of 154 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACH, ACIW, ADBE, AEIS, ALKS, DOX, AIG, AMN, APH, AON, AMAT, ATR, ACGL, AIZ, AVNT, BMRN, BR, CE, CLS, COR, CRL, CHD, CIEN, CINF, CSCO, CNA, CTSH, CMTL, CSGP, COST, COTY, CCRN, ^DJU, BOOM, EME, EMR, EVRG, EVH, EXC, XOM, FFIV, FIVN, FLS, FORM, FNV, FCX, GD, GL, GGG, THG, HL, HP, HSIC, HSY, HNI, IPAR, KALU, KELYA, KLAC, KLIC, LRCX, LEG, LMT, MHO, M, MANH, MGEE, MU, NOV, NWL, NOC, NVDA, OMC, OR, PAYX, PCTY, PCG, PLXS, PEG, RMBS, RGS, RNG, RLI, RGLD, ^GSPC, SEE, SEIC, SCI, SHW, SO, SCCO, SR, TRGP, TER, TXT, TMO, TSCO, RIG, UHAL, UIS, UPS, VC, VMC, WU, WEX, WPM, WDAY, XEL, IYM, IYK, IHE, ICF, IYH, IAT, IYZ, SOXX, SLV, IGE, EWK, EWC, ECH, EWM, EWY, EWD, EWL, TUR, IBB, PJP, SSO, XLP, GLD, XLV, XLB, VHT, VAW. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  21,253.02    
 Weekly S2  21,528.95  275.93   
 Monthly S1  21,702.72  173.77   
 Weekly S1  21,840.69  137.97   
 Daily S2  21,935.98  95.29   
 Daily S1  22,044.20  108.22   
 Low  22,144.76  100.56   
 Close  22,152.42  7.66   Yes! The Close is close to the Low.
 Daily Pivot  22,252.98  100.56   
 61.8% Down from Intraday High  22,265.85  12.87   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 50% Down from Intraday High  22,303.26  37.41   
 38.2% Down from Intraday High  22,340.67  37.41   
 Daily R1  22,361.20  20.53   Yes! The Daily R1 is close to the 38.2% Down from Intraday High.
 Weekly Pivot  22,373.70  12.50   Yes! The Weekly Pivot is close to the Daily R1.
 Open  22,421.96  48.26   
 High  22,461.76  39.80   
 Monthly Pivot  22,511.67  49.91   
 Daily R2  22,569.98  58.31   
 Weekly R1  22,685.44  115.46   
 Monthly R1  22,961.37  275.93   
 Weekly R2  23,218.45  257.08   
 Monthly R2  23,770.32  551.87   

Wednesday 3/18/26. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

This is a picture of the chart pattern indicator on the daily scale. The indicator is the line chart below a chart of the S&P 500 composite.

The indicator has climbed from bearish to neutral, with a reading of 43.2 on a scale from 0 to 100.

I show the indicator without signal changes in the inset on the lower right of the chart.

At A, we see the CPI climbing above the brown trendline. What does that mean? It could signal a bullish turn, but my feeling is that the longer-term effects of Trump's war with Iran will force the world economy to suffer. We've already seen gasoline prices climb. Those prices are fast to rise but will be slow to drop. Iran can continue to block the Straight of Hormuz for a long time, certainly months and perhaps even years. Trump knows that if he sends in American military ships, they'll be hit my missiles and perhaps sunk.

So even though the CPI has turned more bullish than it was, the longer term effects will unfold to make the US economy suffer. That's why I flipped my targets to down from up (see the box near top of page).

$ $ $

Here's a symbol list of 158 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, ADTN, AEIS, ALB, ALKS, ALGT, APH, AON, AMAT, ADM, AWI, AIZ, ATO, ADSK, AVY, AVNT, AZTA, BAX, BIO, BMRN, BKH, BFH, BR, BLDR, CACI, CLS, COR, CIEN, CINF, CLNE, CLX, CMTL, CSGP, COST, CR, CCRN, DSGR, ^DJU, EMN, ELV, EMR, EFX, EVRG, EXC, EXPD, EZPW, FMC, FORM, FTNT, FTV, FWRD, FRD, GAP, GE, GPN, GGG, HL, HSY, HD, ILMN, IBP, IIIN, INTC, IPI, KELYA, KLAC, KLIC, LRCX, LEG, LNC, RAMP, LOW, LPLA, MHO, MANH, MAS, MGEE, MU, MCO, NBR, NFG, NOV, NEU, NOC, NVDA, ASGN, OR, PAYX, PCTY, PEN, PCG, PLXS, PFG, PG, PEG, RGS, RGA, RNG, ROK, ROL, RGLD, RES, NOW, SHOP, SO, SWX, SR, TPR, TDC, TER, TXT, TTD, TKR, TSCO, RIG, VLO, VC, WEX, WPM, WWW, WDAY, XEL, ZBRA, IHE, QTEC, FXL, ICF, IYZ, IEV, IXC, SOXX, ECH, EWM, EWS, EWY, EWT, TUR, DBA, PJP, XLV, VHT. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

-- Thomas Bulkowski

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Tuesday 3/17/26. Slider Trading Quiz!

The Dow climbed by 0.8% or 387.94 points. Since 10/01/1928 the Dow made 623 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 343 occasions.
     Average loss was -0.6% on 280 occasions.
Expect the Dow to close higher 55.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 329/602 or 54.7% of the time.
     The prediction of the Dow closing lower has been right 63/129 or 48.8% of the time.

$ $ $

I show another slider trading quiz featuring Oxford Industries: OXM stock.

$ $ $

Here's a symbol list of 169 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ACH, ACN, ADTN, AKAM, ANIK, ANET, ATO, BZH, BMRN, BKH, BKNG, BMY, CDNS, CALM, CRL, CLNE, CNO, CGNX, CTSH, CL, CAG, GLW, COST, CSGS, CMI, DHR, DECK, XRAY, DSGR, ^DJI, DOV, BOOM, EIX, EME, FFIV, FNV, GE, GL, GS, HSY, HD, DHI, HUM, IEX, IDXX, NSP, IBKR, KEYS, KMB, KLIC, LHX, LH, LRCX, LEG, LEN, LNC, LOW, MANH, MA, MDT, MU, ^IXIC, NJR, NEU, NKE, NWPX, NVDA, OR, PKE, PCG, PPG, PG, PRU, RL, RJF, RCKY, RGLD, R, ^GSPC, SBH, SAIC, SEE, SEIC, SMTC, SCI, SHOP, SKYW, SCCO, LUV, SWX, SR, SNPS, TDC, TER, TEVA, TSCO, TDG, UHAL, V, VC, WSO, WEX, WPM, WSM, XEL, ITA, IAI, IYC, IEZ, DDM, FTEC, FDN, AIQ, BOTZ, QQQ, ICF, IEV, IGV, MXI, IXN, ILF, SLV, IYF, ITB, IHI, EWA, EWO, EWZ, EWC, EEM, EWQ, EWG, EWH, EIS, EWJ, EWM, EWW, EPP, EWS, EZA, EWY, EWP, EWD, EWL, EWT, THD, EWU, QLD, PPA, PBE, PEJ, PXJ, SSO, ROBO, XLY, XLF, XLV, XHB, SPY, XLK, VHT, MGK, VONG. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Dow industrials, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  43,966.45    
 Monthly S1  45,456.43  1,489.98   
 Weekly S2  45,494.62  38.19   Yes! The Weekly S2 is close to the Monthly S1.
 Weekly S1  46,220.51  725.89   
 Daily S2  46,474.58  254.07   
 Low  46,707.40  232.82   
 Open  46,707.40  0.00   Yes! The Open is close to the Low.
 Daily S1  46,710.49  3.09   Yes! The Daily S1 is close to the Open.
 61.8% Down from Intraday High  46,886.46  175.96   
 50% Down from Intraday High  46,941.77  55.31   
 Daily Pivot  46,943.32  1.55   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  46,946.41  3.09   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  46,997.08  50.67   
 High  47,176.14  179.06   
 Daily R1  47,179.23  3.09   Yes! The Daily R1 is close to the High.
 Weekly Pivot  47,220.53  41.29   Yes! The Weekly Pivot is close to the Daily R1.
 Daily R2  47,412.06  191.53   
 Weekly R1  47,946.42  534.36   
 Monthly Pivot  47,984.61  38.19   Yes! The Monthly Pivot is close to the Weekly R1.
 Weekly R2  48,946.44  961.83   
 Monthly R1  49,474.59  528.15   
 Monthly R2  52,002.77  2,528.18   

Monday 3/16/26. Market Monday: The Week Ahead

My Prediction

Picture of the Dow utilities on the daily scale.

At A, we see what appears to be a head-and-shoulders top but is unconfirmed. That means the index hasn't closed below the low between the head and right shoulder (R). I show the price at A with a red horizontal line.

At B, we see a triple bottom. I highlight the three bottoms with a green line.

At C, we see the inverse, a triple top. After both triples (B and C) complete, we see good moves, especially after the triple bottom.

What does all of this mean? The head-and-shoulder top, if confirmed, will mean the market will fall. It may not drop far, and there's no guarantee that the pattern will confirm as valid anyway.

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A Brief Look Back

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

Monday: Up 239.25 points.
Tuesday: Down 34.29 points.
Wednesday: Down 289.24 points.
Thursday: Down 739.42 points.
Friday: Down 119.38 points.

For the Week...

The Dow industrials were down 943.08 points or 2.0%.
The Nasdaq composite was down 282.32 points or 1.3%.
The S&P 500 index was down 107.83 points or 1.6%.

Year to Date...

Dow Industrials
     7.8% down from the high of 50,512.79 on 02/10/2026.
     0.1% up from the low of 46,494.63 on 03/13/2026.
Nasdaq
     7.8% down from the high of 23,988.27 on 01/28/2026.
     0.2% up from the low of 22,061.97 on 03/09/2026.
S&P 500
     5.3% down from the high of 7,002.28 on 01/28/2026.
     0.1% up from the low of 6,623.92 on 03/13/2026.

Options Expiration

Many options expire this week, so traders will be looking to close out their positions, and that suggests increased volatility (large daily price swings).

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Swing Traders: Pivot Points

The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  46,096  46,327  46,726  46,957  47,355 
Weekly  45,365  45,962  47,091  47,688  48,817 
Monthly  43,837  45,198  47,855  49,216  51,873 
S&P500 (^GSPC): Daily  6,554  6,593  6,663  6,702  6,773 
Weekly  6,479  6,556  6,700  6,777  6,922 
Monthly  6,380  6,506  6,750  6,876  7,119 
Nasdaq (^IXIC): Daily  21,780  21,943  22,232  22,395  22,684 
Weekly  21,513  21,809  22,358  22,654  23,203 
Monthly  21,237  21,671  22,496  22,930  23,755 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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Earnings, Chart Patterns & Industries

Earnings season is over.

Here's a symbol list of 182 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AMD, AFL, ALK, DOX, AEO, AXP, AFG, APH, AON, APOG, AAPL, ACGL, ANET, AWI, AVNT, AVA, BMI, BCPC, BAX, BOOT, CBT, CALM, CAL, CENX, CRL, CGNX, GLW, CSGP, CROX, CSGS, CW, XRAY, ^DJU, D, ECL, ELV, EVRG, EVH, EXPD, XOM, FDS, FAST, FWRD, FNV, GAP, IT, GE, GNW, GILD, GS, GFF, HSY, HD, HUBG, IIIN, PODD, IBKR, IRM, JBLU, KALU, KELYA, KEYS, KFRC, LOW, MGY, MANH, MAN, MAS, MTDR, META, MLI, MUR, ^IXIC, NFLX, NTAP, NWPX, NTNX, OGE, OMCL, ON, OR, PTEN, PAYX, PHM, QTWO, DGX, RL, RMBS, RJF, RGA, ROK, RCKY, ROP, RGLD, R, ^GSPC, CRM, SBH, SLB, SCHW, SEE, SRE, SMTC, SCI, SLGN, SO, SCCO, LUV, SR, SSYS, TER, TEVA, TXN, TXT, MZTI, TTD, TOL, TRV, TREX, UPS, VC, WMT, WU, WEX, WPM, WSC, XEL, IYC, IEZ, IDU, QQQ, IAT, MXI, ILF, SLV, ITB, EWO, EWK, EWZ, ECH, EEM, EWQ, EWH, EIS, EWI, EWJ, EWW, EPP, EZA, EWD, TUR, QLD, IBB, PBE, PEJ, XLY, XHB, XLI, XLU, VIS, MGK, VONG. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

The below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Semiconductor Cap Equip.1. Semiconductor Cap Equip.
2. Telecom. Equipment2. Oilfield Svcs/Equipment
3. Semiconductor3. Telecom. Equipment
4. Oilfield Svcs/Equipment4. Semiconductor
5. Petroleum (Producing)5. Metals and Mining (Div.)
6. Metals and Mining (Div.)6. Machinery
7. Petroleum (Integrated)7. Petroleum (Producing)
8. Natural Gas (Diversified)8. Biotechnology
9. Machinery9. Natural Gas (Diversified)
10. Biotechnology10. Petroleum (Integrated)
Best Performing AboveWorst Performing Below
50. Healthcare Information50. Medical Services
51. Furn/Home Furnishings51. Toiletries/Cosmetics
52. IT Services52. Homebuilding
53. Internet53. Furn/Home Furnishings
54. E-Commerce54. E-Commerce
55. Building Materials55. Internet
56. Homebuilding56. Building Materials
57. Computer Software and Svcs57. Information Services
58. Investment Co. (Domestic)58. Computer Software and Svcs
59. Information Services59. Investment Co. (Domestic)
60. Human Resources60. Human Resources

-- Thomas Bulkowski

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Friday 3/13/26. Pattern Trading Setups for the Weekend.

Here's a symbol list of 164 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AYI, ALK, AEO, AEP, AFG, AIG, AMWD, APH, APOG, AAPL, ANET, AVNT, BA, BMY, CBT, CALM, CAL, CPB, CE, CNP, CF, CRL, CI, CLNE, CGNX, CMTL, ED, CAG, GLW, COST, CRH, CSGS, XRAY, EMR, EOG, EL, EXC, FAST, FTNT, FWRD, FNV, FDP, GE, GNW, GS, GFF, HSY, HD, DHI, HUBG, HURC, IEX, INCY, IBP, IIIN, ITGR, IPI, JBLU, KBH, KELYA, KEYS, KLAC, LEN, LOW, LXU, MHO, MANH, MAN, MRTN, MS, MOS, MLI, NI, NWPX, OGE, ORI, OLN, OMCL, ON, OR, OXM, PAYX, PETS, PNW, QTWO, ROK, RCKY, RGLD, RES, R, ^GSPC, SAIA, CRM, SBH, SLB, SCHW, SMTC, SCI, SLGN, SO, SCCO, LUV, SR, TDY, TEVA, TOL, UIS, UPS, WMT, WU, WEX, WPM, WMB, XEL, IAI, IYC, IYE, IEZ, IHE, DDM, IAT, IEV, ILF, SOXX, IEO, IYF, ITB, EWO, EWK, EEM, EWQ, EIS, EWI, EWJ, EWS, EWY, EWP, EWD, PBE, PEJ, PJP, PHO, SSO, XLY, XLF, XHB, XLI, SPY, USO, VIS. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

You can find setups based on a Fibonacci retrace by clicking on the link.

The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

For details about the chart patterns, click here.

-- Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
DDDPipe bottom      02/23/202603/02/2026Electronics
ANFDouble Top, Eve and Adam      01/15/202602/04/2026Apparel
ABMHead-and-shoulders top      01/23/202602/20/2026Industrial Services
ACHDiamond top      02/03/202603/12/2026Medical Supplies
AMZNHead-and-shoulders bottom      02/06/202603/03/2026Internet
AMEDouble Top, Adam and Adam      02/12/202603/02/2026Industrial Services
AGODouble Top, Adam and Adam      02/06/202602/27/2026Insurance (Life)
BAXDouble Top, Adam and Adam      02/11/202602/19/2026Medical Supplies
BKHDouble Top, Adam and Adam      02/06/202603/04/2026Electric Utility (West)
BKNGPipe bottom      02/17/202602/23/2026Internet
BFHDiamond bottom      02/13/202603/12/2026Information Services
CALMUgly double bottom      01/14/202602/17/2026Food Processing
CALHead-and-shoulders complex top      12/05/202502/20/2026Shoe
CEDouble Bottom, Eve and Adam      03/02/202603/09/2026Chemical (Basic)
EDTriangle, symmetrical      02/17/202603/11/2026Electric Utility (East)
CRHHead-and-shoulders top      02/03/202602/20/2026Cement and Aggregates
CROXDouble Top, Adam and Eve      02/12/202602/23/2026Shoe
EXPHead-and-shoulders top      02/13/202602/25/2026Cement and Aggregates
EMRPipe top      02/02/202602/09/2026Computers and Peripherals
GAPTriple top      01/09/202602/20/2026Apparel
GFSTriple top      02/12/202603/05/2026Semiconductor
GGGDouble Top, Eve and Adam      02/12/202603/02/2026Machinery
HEHead-and-shoulders top      01/29/202603/02/2026Electric Utility (West)
HELEDouble Top, Adam and Adam      02/10/202602/20/2026Toiletries/Cosmetics
HSYPipe top      02/23/202603/02/2026Food Processing
HUMDouble Top, Eve and Adam      02/19/202602/27/2026Medical Services
JBHTDouble Top, Adam and Eve      02/11/202603/04/2026Trucking/Transp. Leasing
HURCDouble Top, Adam and Eve      01/12/202602/26/2026Machinery
INCYPipe top      02/02/202602/09/2026Drug
INTCTriple bottom      02/20/202603/09/2026Semiconductor
KMTDouble Top, Eve and Adam      02/11/202603/04/2026Metal Fabricating
LRCXDouble Top, Eve and Adam      01/30/202602/25/2026Semiconductor Cap Equip.
LEGPipe top      02/02/202602/09/2026Furn/Home Furnishings
LLYHead-and-shoulders top      11/26/202502/04/2026Drug
LMTDiamond top      02/19/202603/09/2026Aerospace/Defense
MLMDouble Top, Adam and Adam      02/10/202602/25/2026Cement and Aggregates
MTRNDouble Top, Adam and Eve      02/12/202603/02/2026Metals and Mining (Div.)
MDTDouble Top, Eve and Eve      11/26/202502/04/2026Medical Supplies
MGEEDouble Top, Adam and Eve      02/17/202602/24/2026Electric Utility (Central)
MYGNTriangle, symmetrical      02/24/202603/10/2026Biotechnology
NOVTHead-and-shoulders complex top      01/22/202603/05/2026Precision Instrument
NUSHead-and-shoulders top      12/15/202502/06/2026Toiletries/Cosmetics
NTNXTriangle, symmetrical      01/26/202603/12/2026E-Commerce
NVDADouble Bottom, Adam and Adam      03/02/202603/09/2026Semiconductor
ORIDouble Top, Eve and Eve      02/17/202603/02/2026Insurance (Prop/Casualty)
OMCLDouble Top, Adam and Eve      02/26/202603/05/2026Healthcare Information
OXMDouble Top, Eve and Eve      02/12/202602/20/2026Apparel
PCTYHorn bottom      02/09/202602/23/2026E-Commerce
PFGDouble Top, Eve and Eve      02/06/202602/26/2026Insurance (Diversified)
DGXDouble Top, Adam and Adam      02/12/202602/27/2026Medical Services
RLPipe top      02/17/202602/23/2026Apparel
RMBSTriangle, symmetrical      02/03/202603/02/2026Semiconductor Cap Equip.
RGADouble Top, Adam and Adam      02/06/202602/23/2026Insurance (Life)
ROGTriple top      02/12/202603/04/2026Electronics
RDouble Top, Adam and Eve      02/11/202602/26/2026Trucking/Transp. Leasing
SBHDouble Top, Adam and Eve      01/21/202602/09/2026Toiletries/Cosmetics
MZTIDouble Top, Adam and Adam      02/26/202603/04/2026Food Processing
TSCOTriple top      01/26/202602/12/2026Retail Building Supply
TDGHead-and-shoulders top      02/12/202603/03/2026Aerospace/Defense
TGDouble Top, Eve and Eve      02/09/202603/02/2026Chemical (Specialty)
TREXTriple top      01/21/202602/25/2026Building Materials
UHALDouble Top, Eve and Eve      02/20/202603/02/2026Trucking/Transp. Leasing
VFCDouble Top, Eve and Adam      02/04/202602/20/2026Apparel
VCHead-and-shoulders top      02/04/202602/26/2026Electronics

 

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Thursday 3/12/26. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 0.1% or 19.03 points. Since 02/05/1971 the Nasdaq made 767 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 424 occasions.
     Average loss was -0.7% on 343 occasions.
Expect the Nasdaq to close higher 55.3% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 304/558 or 54.5% of the time.
     The prediction of the Nasdaq closing lower has been right 88/184 or 47.8% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

I show a picture of the Nasdaq composite on the 5-minute scale.

A chart pattern called a head-and-shoulders bottom appears as LS (left shoulder), head, and RS (right shoulder). At point A, the pattern confirms as valid when the index closes above the red neckline. The resulting rise was mouth-watering, to B.

BC is another chart pattern called a double top. It confirms when the index closes below the blue line, D. In this case, so far, the index hasn't dropped far. We'll have to wait and see if it drops more.

$ $ $

Here's a symbol list of 107 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACIW, AA, AMZN, AXP, AMGN, APA, ANET, ASH, AGO, AVY, AVNT, BKH, BFH, CBT, CACI, CAL, CPB, CENX, CHD, CNO, ED, CAG, CXW, GLW, DECK, XRAY, ECL, EQT, XOM, FFIV, FISV, FMC, FNV, FDP, GAP, GIS, GFS, GFF, HIG, HSY, HUM, HUN, IEX, IBP, IPI, KELYA, KEYS, RAMP, M, MANH, MAN, MGEE, MOS, MUR, NFG, NWPX, OXY, OGE, ORI, ON, OTEX, ORCL, OR, OXM, PANW, PYPL, PETS, QTWO, QCOM, ROL, RGLD, RES, SAIA, SCHW, SMTC, SCI, SLGN, SO, SCCO, SR, TRGP, TXT, TSCO, TG, VMI, WMT, WU, WEX, WPM, WMB, XEL, ZBRA, IYE, IEO, PBE, PHO, USO, VAW. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  21,277.35    
 Weekly S2  21,810.50  533.15   
 Monthly S1  21,996.74  186.24   
 Weekly S1  22,263.31  266.57   
 Daily S2  22,456.68  193.36   
 Weekly Pivot  22,577.60  120.92   
 Daily S1  22,586.40  8.81   Yes! The Daily S1 is close to the Weekly Pivot.
 Low  22,602.33  15.93   Yes! The Low is close to the Daily S1.
 61.8% Down from Intraday High  22,707.53  105.20   
 Close  22,716.13  8.61   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot  22,732.06  15.93   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  22,740.02  7.96   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 Open  22,771.27  31.25   
 38.2% Down from Intraday High  22,772.52  1.25   Yes! The 38.2% Down from Intraday High is close to the Open.
 Monthly Pivot  22,844.17  71.65   
 Daily R1  22,861.78  17.61   Yes! The Daily R1 is close to the Monthly Pivot.
 High  22,877.71  15.93   Yes! The High is close to the Daily R1.
 Daily R2  23,007.44  129.73   
 Weekly R1  23,030.41  22.98   Yes! The Weekly R1 is close to the Daily R2.
 Weekly R2  23,344.70  314.28   
 Monthly R1  23,563.56  218.86   
 Monthly R2  24,410.99  847.43   

Wednesday 3/11/26. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

This is a picture of the chart pattern indicator on the daily scale. The indicator is the line chart below a chart of the S&P 500 composite.

Despite being thrown around by events in the middle east and the price of oil, the CPI remains bearish with a reading of 16.7 on a scale of 0 to 100.

That's clear on the chart with the vertical red bar on the far right of the chart.

The inset shows the downward trend of the CPI from the peak in February. What I've noticed about the CPI is that once it is at or near 0, it tends to bounce off it. However, the index may not respond by climbing in concert with a rising CPI.

My guess is the CPI will continue to be depressed (bearish). Once the war ends, then look for the indices to spike upward. Consider this (now and in the coming days) as a buying opportunity.

$ $ $

Here's a symbol list of 101 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AEIS, AA, ALGT, AME, APH, AON, AAPL, AMAT, ANET, AVY, BIIB, BCO, CACI, CDNS, CLS, CF, CIEN, CI, CSCO, GLW, CCRN, CMI, XRAY, EMN, EBAY, EME, FNV, GIS, GFF, THG, HP, HSIC, HSY, HON, HUM, HURC, ILMN, IRM, KELYA, KEYS, KLAC, LRCX, RAMP, LPLA, MANH, MAN, MU, ^IXIC, NFG, NTGR, NTAP, NWPX, NOVT, NVDA, ORI, ON, OTEX, ORCL, OR, PG, QTWO, RMBS, ROK, ROL, RGLD, SCHW, SEE, SMTC, SCI, SO, SCCO, SR, SSYS, TDOC, TER, TEVA, TWLO, VECO, VRTX, WU, WEX, WPM, WWD, XEL, IYM, QQQ, IHF, IGV, SOXX, SLV, THD, GLD, UNG, SMH. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

-- Thomas Bulkowski

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Tuesday 3/10/26. Slider Trading Quiz!

The Dow climbed by 0.5% or 239.25 points. Since 10/01/1928 the Dow made 987 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 533 occasions.
     Average loss was -0.7% on 454 occasions.
Expect the Dow to close higher 54.0% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 329/601 or 54.7% of the time.
     The prediction of the Dow closing lower has been right 63/129 or 48.8% of the time.

$ $ $

I show another slider trading quiz featuring Perficient: PRFT (actual trade).

$ $ $

Here's a symbol list of 122 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AMD, AKAM, AIG, AMWD, APH, AON, APOG, ANET, ASH, AIZ, ADSK, AVY, AVNT, BMI, BMRN, BKNG, BOOT, BCO, BMY, CBT, CAL, CF, CNX, COST, COTY, CCRN, DVN, EBAY, EVH, EXPI, EXPD, FIS, FLEX, FNV, GAP, GFS, GGG, GFF, THG, HTLD, HL, INTC, IBKR, KELYA, KMT, KLAC, LHX, LZB, LLY, META, MU, MSFT, MLKN, MLI, NFG, NKE, ORI, OLN, ON, OR, PCTY, PETS, PFG, PRU, RL, RGS, ROK, RGLD, SLB, SEE, SHOP, SLGN, SO, SR, TG, TREX, UHAL, UPS, WU, WLK, WSC, XEL, ZBRA, IEZ, FTEC, IAT, IYZ, IXN, ILF, EWO, EEM, EWM, EWW, EPP, EWD, THD, TUR, DBA, PBE, ROBO, XLB, XLK, UNG, USO, MGK. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Dow industrials, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  44,917.09    
 Weekly S2  45,882.50  965.41   
 Daily S2  46,150.25  267.75   
 Monthly S1  46,328.95  178.69   
 Low  46,615.52  286.57   
 Weekly S1  46,811.65  196.13   
 Daily S1  46,945.53  133.88   
 61.8% Down from Intraday High  47,097.05  151.52   
 50% Down from Intraday High  47,245.79  148.74   
 Open  47,371.28  125.49   Yes! The Open is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  47,394.54  23.25   Yes! The 38.2% Down from Intraday High is close to the Open.
 Daily Pivot  47,410.79  16.26   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  47,740.80  330.01   
 High  47,876.06  135.26   
 Weekly Pivot  47,938.16  62.10   Yes! The Weekly Pivot is close to the High.
 Daily R1  48,206.07  267.91   
 Monthly Pivot  48,420.87  214.80   
 Daily R2  48,671.33  250.46   
 Weekly R1  48,867.31  195.98   
 Monthly R1  49,832.72  965.41   
 Weekly R2  49,993.82  161.10   
 Monthly R2  51,924.65  1,930.83   

Monday 3/9/26. Market Monday: The Week Ahead

My Prediction

Picture of the S and P 500 on the daily scale.

I show the S&P 500 index on the daily scale.

There's not a lot to say about this chart. Curve A shows a chart pattern called a rounding top or a multi-peak.

The multi-peak is bearish but the rounded top is bullish if the index rises above the top of it. I suspect, and it's just a guess, that the rounded top is the more valid of the two patterns. Of course, it all depends on what Trump does. A lot of that will be related to the price of oil.

Line B shows support. I base that one the depth of the two trendline touches on the left of the line. It's meager, but it's there. Maybe we'll see the index rebound off that line. However, the index could plunge through it, depending on Trump's war.

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A Brief Look Back

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

Monday: Down 73.14 points.
Tuesday: Down 403.51 points.
Wednesday: Up 238.14 points.
Thursday: Down 784.67 points.
Friday: Down 453.19 points.

For the Week...

The Dow industrials were down 1476.37 points or 3.0%.
The Nasdaq composite was down 280.53 points or 1.2%.
The S&P 500 index was down 138.86 points or 2.0%.

Year to Date...

Dow Industrials
     6.0% down from the high of 50,512.79 on 02/10/2026.
     1.0% up from the low of 47,009.01 on 03/06/2026.
Nasdaq
     6.7% down from the high of 23,988.27 on 01/28/2026.
     1.2% up from the low of 22,124.78 on 03/03/2026.
S&P 500
     3.7% down from the high of 7,002.28 on 01/28/2026.
     0.4% up from the low of 6,710.42 on 03/03/2026.

Options Expiration

No options expire this week.

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Swing Traders: Pivot Points

The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  46,756  47,129  47,382  47,754  48,007 
Weekly  45,803  46,652  47,858  48,708  49,914 
Monthly  44,837  46,169  48,341  49,673  51,845 
S&P500 (^GSPC): Daily  6,680  6,710  6,742  6,772  6,804 
Weekly  6,593  6,667  6,784  6,857  6,974 
Monthly  6,532  6,636  6,815  6,919  7,098 
Nasdaq (^IXIC): Daily  22,157  22,272  22,443  22,559  22,730 
Weekly  21,701  22,044  22,468  22,811  23,235 
Monthly  21,168  21,778  22,735  23,345  24,302 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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Earnings, Chart Patterns & Industries

Earnings season is over.

Here's a symbol list of 182 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, AFL, A, ALK, ALKS, ALGT, AEO, AXP, AMWD, AME, APH, ANIK, AON, APOG, ATR, ARCB, ADM, ASH, AIZ, AGO, ADSK, AVY, AVNT, BAX, BMRN, BKNG, BLDR, CALM, CX, CI, CLF, CNO, CNX, CGNX, COTY, CRH, CCRN, CSGS, CTS, CMI, XRAY, D, DOV, EMN, EMR, EL, EVH, EXC, EXPI, EXPD, FDX, FLEX, FWRD, FCX, GAP, GGG, GFF, HLIT, HE, HQY, HL, HSIC, HSY, DHI, HURC, IEX, IIIN, ITGR, KALU, KELYA, KMT, KLAC, LH, LEG, LMT, MAS, MDT, MU, MS, MLI, NFG, ON, PTEN, PCTY, PETS, PNW, PPG, PPL, PFG, PG, PRU, PHM, KWR, DGX, RL, RGS, RLI, ROK, RES, R, SIGI, SHW, SKYW, SGI, SO, SCCO, LUV, SR, TPR, TECH, TFX, TKR, TOL, TREX, UPS, VFC, VMI, VECO, WSO, WU, WEX, WSC, WWD, XEL, IYM, DDM, IHF, IAT, IGV, MXI, SLV, IYF, ITB, IHI, EWK, EWQ, THD, TUR, IBB, DBA, PBE, PEJ, PJP, PHO, XLF, XHB, XLB, XRT, USO, VHT, VAW. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

The below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Semiconductor Cap Equip.1. Semiconductor Cap Equip.
2. Oilfield Svcs/Equipment2. Telecom. Equipment
3. Telecom. Equipment3. Metals and Mining (Div.)
4. Semiconductor4. Semiconductor
5. Metals and Mining (Div.)5. Oilfield Svcs/Equipment
6. Machinery6. Machinery
7. Petroleum (Producing)7. Air Transport
8. Biotechnology8. Trucking/Transp. Leasing
9. Natural Gas (Diversified)9. Biotechnology
10. Petroleum (Integrated)10. Investment Co. (Foreign)
Best Performing AboveWorst Performing Below
50. Medical Services50. Financial Services
51. Toiletries/Cosmetics51. Healthcare Information
52. Homebuilding52. Building Materials
53. Furn/Home Furnishings53. IT Services
54. E-Commerce54. Short ETFs
55. Internet55. E-Commerce
56. Building Materials56. Investment Co. (Domestic)
57. Information Services57. Internet
58. Computer Software and Svcs58. Information Services
59. Investment Co. (Domestic)59. Computer Software and Svcs
60. Human Resources60. Human Resources

-- Thomas Bulkowski

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Friday 3/6/26. Pattern Trading Setups for the Weekend.

Here's a symbol list of 141 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ACN, ALK, AA, ALGT, AEO, AIG, APH, ANIK, AR, APA, ASH, ADSK, BAX, BZH, BMRN, BKNG, BAH, COR, CIEN, CTAS, CL, CMCO, CCRN, DVN, DSGR, ^DJT, EOG, EVH, EXPD, EZPW, FISV, FLEX, FMC, FWRD, FNV, GAP, GPN, GFF, HQY, HL, HSY, HUN, IIIN, TILE, JBLU, JNJ, KALU, KFRC, KLAC, LH, LEG, LDOS, LLY, MLM, MAS, MA, MTDR, MDT, NFG, NOV, PCTY, PETS, PG, DGX, RL, RNG, RLI, ROK, ROST, RES, SIGI, SHW, SKYW, SO, SCCO, LUV, SR, SSYS, TPR, TFX, TTD, TKR, TSCO, TZOO, TREX, UNM, VEEV, WRB, WMT, WSO, WU, WSC, WWD, XEL, IYM, IYK, IHE, DDM, FXI, IYH, IEV, MXI, IEO, ITB, EWA, EWZ, EWQ, EWG, EIS, EWJ, EWS, EZA, EWL, THD, EWU, IBB, DBA, PBE, PHO, XLP, UNG, USO, VHT, VAW. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

You can find setups based on a Fibonacci retrace by clicking on the link.

The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

For details about the chart patterns, click here.

-- Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
AYIPipe top      02/02/202602/09/2026Furn/Home Furnishings
AADouble Bottom, Adam and Adam      02/05/202602/17/2026Aerospace/Defense
AEOHead-and-shoulders complex top      02/03/202602/26/2026Apparel
AXPDouble Top, Adam and Adam      01/22/202602/10/2026Financial Services
AMNPipe bottom      02/09/202602/17/2026Human Resources
APHPipe top      02/17/202602/23/2026Electronics
ARWDouble Top, Eve and Adam      02/06/202602/24/2026Electronics
ASHTriple top      01/13/202602/24/2026Chemical (Basic)
ADSKHorn bottom      02/09/202602/23/2026Computer Software and Svcs
BSXDouble Top, Eve and Eve      02/19/202602/27/2026Medical Services
BFHPipe top      02/09/202602/09/2026Information Services
BCODead-cat bounce      02/27/202602/27/2026Industrial Services
CINFDouble Bottom, Adam and Eve      02/10/202602/24/2026Insurance (Prop/Casualty)
CLXDouble Top, Eve and Eve      02/17/202602/26/2026Household Products
CCKDouble Top, Adam and Eve      02/05/202602/24/2026Packaging and Container
DSGRDead-cat bounce      03/05/202603/05/2026Metal Fabricating
^DJTBroadening top, right-angled and descending      02/18/202603/05/2026None
DOVDouble Top, Adam and Adam      02/12/202602/20/2026Machinery
ELVDouble Top, Eve and Eve      01/30/202602/17/2026Medical Services
ELPipe top      02/17/202602/23/2026Toiletries/Cosmetics
EVHHorn bottom      02/09/202602/23/2026Healthcare Information
FLSDouble Top, Eve and Adam      02/18/202602/26/2026Machinery
GDDouble Bottom, Eve and Adam      02/17/202602/25/2026Aerospace/Defense
GLTriangle, ascending      02/10/202603/05/2026Insurance (Life)
HLBroadening bottom      02/02/202603/05/2026Metals and Mining (Div.)
HDHead-and-shoulders top      02/03/202602/24/2026Retail Building Supply
HUNDouble Bottom, Adam and Adam      02/26/202603/03/2026Chemical (Specialty)
IBKRDouble Top, Eve and Eve      01/26/202602/10/2026Securities Brokerage
JKHYDouble Bottom, Adam and Eve      02/12/202602/25/2026IT Services
JBLUDouble Top, Adam and Adam      02/06/202602/18/2026Air Transport
LENDouble Top, Eve and Eve      01/14/202602/13/2026Homebuilding
LPLATriple top      10/31/202502/04/2026Securities Brokerage
METADouble Bottom, Adam and Adam      02/18/202602/24/2026E-Commerce
MURHead-and-shoulders bottom      01/07/202602/26/2026Petroleum (Integrated)
NOVDouble Top, Eve and Adam      02/24/202603/02/2026Oilfield Svcs/Equipment
PLXSHead-and-shoulders top      02/03/202602/24/2026Electronics
PPGPipe top      02/09/202602/17/2026Chemical (Diversified)
PGDouble Top, Adam and Adam      02/24/202602/27/2026Household Products
PEGDouble Top, Adam and Adam      02/17/202602/26/2026Electric Utility (East)
RTXTriple bottom      01/26/202602/25/2026Aerospace/Defense
ROLDouble Top, Eve and Eve      02/23/202603/02/2026Industrial Services
NOWDouble Bottom, Eve and Eve      02/09/202602/23/2026IT Services
SHWHead-and-shoulders top      02/04/202602/24/2026Chemical (Basic)
SHOPUgly double bottom      02/12/202603/03/2026E-Commerce
SKYWDouble Top, Adam and Adam      02/18/202602/26/2026Air Transport
LUVDouble Top, Eve and Eve      02/06/202602/17/2026Air Transport
TDYDouble Top, Adam and Eve      02/25/202603/02/2026Aerospace/Defense
TKRDouble Top, Eve and Eve      02/11/202603/02/2026Metal Fabricating
TWLODouble Bottom, Adam and Eve      02/04/202602/13/2026E-Commerce
UGIPipe top      01/26/202602/02/2026Natural Gas (Distributor)
VFCBroadening top, right-angled and ascending      12/08/202503/03/2026Apparel
VEEVDouble Bottom, Adam and Eve      02/12/202602/23/2026Healthcare Information
VRTXDouble Top, Adam and Adam      02/13/202602/27/2026Biotechnology
WSMTriple top      01/22/202602/20/2026Retail (Special Lines)

 

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Thursday 3/5/26. 2026 Market Forecast Update

The Nasdaq climbed by 1.3% or 290.79 points. Since 02/05/1971 the Nasdaq made 179 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.9% on 113 occasions.
     Average loss was -1.1% on 66 occasions.
Expect the Nasdaq to close higher 63.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 304/557 or 54.6% of the time.
     The prediction of the Nasdaq closing lower has been right 88/184 or 47.8% of the time.

$ $ $

Here's the link to the 2026 market forecast update, presented in slider format.

$ $ $

Here's a symbol list of 114 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AYI, AEIS, AMD, A, ALK, AA, ALGT, DOX, AEP, AFG, AIG, AMGN, APH, AR, APOG, AAPL, ATR, ANET, ARW, ADSK, AZTA, BALL, BZH, BIIB, BMRN, BA, BKNG, BRC, BMY, BRKR, BLDR, BG, CX, COR, CIEN, CLNE, CNX, CMTL, CCRN, DECK, EXP, EVH, EXPD, EZPW, FLS, FRD, THG, HL, HSY, ITW, INTC, TILE, KBH, KMT, KMB, KLIC, LH, LRCX, LDOS, M, MU, MYGN, NFG, NTGR, NUS, OR, PTEN, PCTY, PFE, PG, QCOM, RL, RMBS, RLI, RHI, ROK, RGLD, RES, R, SMG, SEE, SO, SR, TFX, TXN, TKR, TZOO, UGI, UPS, VLO, WAT, WSO, WU, XEL, IYK, IHE, SOXX, EWW, THD, IBB, DBA, PBE, PJP, XLP, XAR, SMH. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  21,285.99    
 Monthly S1  22,046.74  760.74   
 Weekly S2  22,193.72  146.98   
 Daily S2  22,435.47  241.75   
 Weekly S1  22,500.60  65.13   
 Low  22,570.67  70.07   
 Open  22,620.89  50.22   
 Daily S1  22,621.47  0.58   Yes! The Daily S1 is close to the Open.
 61.8% Down from Intraday High  22,693.37  71.90   
 50% Down from Intraday High  22,731.28  37.90   
 Daily Pivot  22,756.68  25.40   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  22,769.18  12.50   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  22,807.48  38.30   
 Weekly Pivot  22,835.14  27.66   Yes! The Weekly Pivot is close to the Close.
 High  22,891.88  56.74   
 Daily R1  22,942.68  50.80   
 Monthly Pivot  23,017.50  74.82   
 Daily R2  23,077.89  60.38   
 Weekly R1  23,142.02  64.13   
 Weekly R2  23,476.56  334.54   
 Monthly R1  23,778.25  301.69   
 Monthly R2  24,749.01  970.77   

Wednesday 3/4/26. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

This is a picture of the chart pattern indicator on the daily scale. The indicator is the line chart below a chart of the S&P 500 composite.

The current CPI is bearish, at 24.4. The vertical red bar on the far right of the chart shows the bearish indication after being neutral for a few weeks.

The inset on the lower right of the chart shows the indicator without signal changes.

What happens to the markets will depend on how Trump's war progresses. Iran is fighting back and targeting energy infrastructure in multiple countries. If that continues, the price of oil will rise more than it already has. That means the price at the gas pump will climb and anything dependent on energy will also cost more.

If all of that plays out, the markets won't like it (meaning look for more drops coming).

It's likely Trump won't get his regime change in Iran but will be rewarded with lots and lots of cheap drones that do extensive damage, including more people killed.

$ $ $

Here's a symbol list of 156 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AYI, AES, AKAM, ALB, ALL, AMN, APH, ANIK, AMAT, ANET, AWI, ARW, ADSK, AVNT, AZTA, BAX, BZH, BMRN, BKNG, BLDR, BG, CALM, CPB, CE, CX, CENX, CRL, CLNE, CTSH, CMCO, CRH, CCRN, CTS, DECK, XRAY, DDS, DTE, EBAY, EL, EVH, EXC, EXPD, FLEX, FLS, FWRD, GFF, HLIT, HOLX, HD, HUM, IDA, INTC, TILE, JBLU, KSS, KLIC, LRCX, LEN, M, MLM, MAS, MTDR, MU, MCO, MLI, NFG, NUS, OLN, ASGN, PTEN, PCTY, PETS, PPG, PFG, KWR, DGX, RL, RTX, RGS, RES, R, SAIC, SEE, SGI, SWX, SR, TFX, TEVA, TXN, RIG, VFC, VECO, WMT, WSO, WU, WWW, XEL, IEZ, DDM, FXI, BOTZ, IYH, IEV, ILF, SOXX, SLV, EWO, EWK, EWZ, ECH, EEM, EWQ, EWG, EWI, EWJ, EWM, EPP, EWS, EZA, EWY, EWP, EWD, EWL, EWT, THD, TUR, EWU, IBB, PBE, PJP, ROBO, XRT, SMH. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

-- Thomas Bulkowski

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Tuesday 3/3/26. Slider Trading Quiz!

The Dow dropped by -0.1% or -73.14 points. Since 10/01/1928 the Dow made 1414 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 740 occasions.
     Average loss was -0.7% on 674 occasions.
Expect the Dow to close higher 52.3% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 329/600 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 63/129 or 48.8% of the time.

$ $ $

I show another slider trading quiz featuring Pfizer: PFE (actual trade).

$ $ $

Here's a symbol list of 125 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AKAM, AMN, APH, AIZ, ATO, ADP, AXS, AZTA, BZH, BBW, CBT, CALM, CPB, CE, CX, CF, CRL, CMTL, COP, CROX, CCRN, EL, EVH, FIVN, FWRD, GNW, GILD, GPN, THG, HIG, DHI, IIIN, KALU, KBH, KSS, KLIC, LHX, LEN, LMT, MTSI, M, MGY, MKTX, MLM, MAS, MTRX, MDT, MRCY, MCO, MUR, NFG, NTGR, NOC, NWPX, NUS, NTNX, OXY, ORI, OLN, OR, PKE, PTEN, PPG, KWR, DGX, RL, ROG, RGLD, RES, R, SEE, SEIC, SMTC, SLGN, SKYW, SR, SPSC, TFX, TKR, TOL, TDG, RIG, VLO, VECO, WRB, WAT, WSO, WSC, WWW, XEL, ITA, IYE, QTEC, FXL, FXI, BOTZ, IAT, IXC, SLV, IEO, ITB, EWO, EWK, ECH, EWH, EWM, EWS, EWP, TUR, PPA, PJP, XLE, XAR, USO. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Dow industrials, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Top

© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  47,239.57    
 Weekly S2  47,996.49  756.91   
 Monthly S1  48,072.18  75.69   
 Daily S2  48,095.76  23.59   Yes! The Daily S2 is close to the Monthly S1.
 Low  48,377.96  282.20   
 Weekly S1  48,450.63  72.67   
 Daily S1  48,500.27  49.64   Yes! The Daily S1 is close to the Weekly S1.
 61.8% Down from Intraday High  48,640.28  140.01   
 50% Down from Intraday High  48,721.32  81.04   
 Daily Pivot  48,782.47  61.15   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Open  48,794.42  11.95   Yes! The Open is close to the Daily Pivot.
 38.2% Down from Intraday High  48,802.35  7.93   Yes! The 38.2% Down from Intraday High is close to the Open.
 Close  48,904.78  102.43   
 High  49,064.67  159.89   
 Weekly Pivot  49,132.93  68.25   Yes! The Weekly Pivot is close to the High.
 Daily R1  49,186.98  54.05   Yes! The Daily R1 is close to the Weekly Pivot.
 Monthly Pivot  49,292.48  105.50   
 Daily R2  49,469.18  176.70   
 Weekly R1  49,587.07  117.89   
 Monthly R1  50,125.09  538.01   
 Weekly R2  50,269.37  144.28   
 Monthly R2  51,345.39  1,076.03   

Monday 3/2/26. Market Monday: The Week Ahead

My Prediction

Picture of the Dow transport on the daily scale.

This is a chart of the Dow transports on the daily scale.

The only relevant chart pattern is the most recent one, highlighted here at A.

It's a symmetrical triangle. However, it's a flawed pattern. There's only one minor low on the bottom. The trendline cutting through price doesn't count as a touch.

On the top, you see two minor highs when I prefer to see three or more (same for the bottom).

Even so, the narrowing price movement is clear. The breakout direction is unknown. A downward breakout could see price fall dramatically and far. An upward breakout may see price struggle to rise.

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A Brief Look Back

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

Monday: Down 821.91 points.
Tuesday: Up 370.44 points.
Wednesday: Up 307.65 points.
Thursday: Up 17.05 points.
Friday: Down 521.28 points.

For the Week...

The Dow industrials were down 648.05 points or 1.3%.
The Nasdaq composite was down 217.86 points or 1.0%.
The S&P 500 index was down 30.63 points or 0.4%.

Year to Date...

Dow Industrials
     3.0% down from the high of 50,512.79 on 02/10/2026.
     2.4% up from the low of 47,853.04 on 01/02/2026.
Nasdaq
     5.5% down from the high of 23,988.27 on 01/28/2026.
     1.8% up from the low of 22,256.76 on 02/17/2026.
S&P 500
     1.8% down from the high of 7,002.28 on 01/28/2026.
     1.5% up from the low of 6,775.50 on 02/17/2026.

Options Expiration

No options expire this week.

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Swing Traders: Pivot Points

The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  48,395  48,687  48,970  49,261  49,545 
Weekly  48,021  48,499  49,157  49,636  50,294 
Monthly  47,264  48,121  49,317  50,174  51,370 
S&P500 (^GSPC): Daily  6,813  6,846  6,865  6,897  6,916 
Weekly  6,745  6,812  6,882  6,949  7,019 
Monthly  6,659  6,769  6,886  6,996  7,112 
Nasdaq (^IXIC): Daily  22,450  22,559  22,647  22,757  22,845 
Weekly  22,147  22,408  22,789  23,049  23,430 
Monthly  21,240  21,954  22,971  23,685  24,703 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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Earnings, Chart Patterns & Industries

Earnings season is either underway or should be starting soon. The sessions could be more volatile.

Here's a symbol list of 110 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AEIS, AES, AFL, AKAM, ALB, AMGN, AMN, APH, APA, AAPL, ATR, AGO, BBY, BCO, CALM, CE, CNC, CRL, CHD, CLNE, CNX, CMCO, CAG, CCRN, XRAY, ECL, EME, EQT, FISV, FLS, FCX, THG, TILE, IPI, KSS, LAMR, LEN, M, MRK, MLKN, MCO, MUR, NFG, NFLX, NKE, NOC, OLN, OMCL, OR, OUT, PTEN, PETS, PPG, KWR, QCOM, RRC, REGN, ROG, RGLD, SMTC, SR, TGT, TDY, TFX, TER, MZTI, TG, TWLO, UNH, VFC, VLO, VECO, WMT, WSO, WLK, WSM, XEL, IHE, FTEC, FXL, FXI, BOTZ, IYH, IAT, IYZ, IXN, SLV, EWK, EWH, EIS, EWM, EWT, TUR, IBB, PBE, SSO, GLD, XLV, SPY, VHT, MGK. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

The below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Semiconductor Cap Equip.1. Semiconductor Cap Equip.
2. Telecom. Equipment2. Telecom. Equipment
3. Metals and Mining (Div.)3. Semiconductor
4. Semiconductor4. Oilfield Svcs/Equipment
5. Oilfield Svcs/Equipment5. Metals and Mining (Div.)
6. Machinery6. Air Transport
7. Air Transport7. Machinery
8. Trucking/Transp. Leasing8. Trucking/Transp. Leasing
9. Biotechnology9. Apparel
10. Investment Co. (Foreign)10. Metal Fabricating
Best Performing AboveWorst Performing Below
50. Financial Services50. Financial Services
51. Healthcare Information51. Medical Services
52. Building Materials52. IT Services
53. IT Services53. Healthcare Information
54. Short ETFs54. Short ETFs
55. E-Commerce55. E-Commerce
56. Investment Co. (Domestic)56. Investment Co. (Domestic)
57. Internet57. Internet
58. Information Services58. Information Services
59. Computer Software and Svcs59. Computer Software and Svcs
60. Human Resources60. Human Resources

-- Thomas Bulkowski

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