As of 07/11/2025   Indus: 44,372 -279.13 -0.6%     Trans: 16,209 -107.33 -0.7%     Utils: 1,063 -2.69 -0.3%     Nasdaq: 20,586 -45.13 -0.2%     S&P 500: 6,260 -20.71 -0.3%	YTD  +4.3%    +2.0%    +8.2%    +6.6%    +6.4%	Targets    Overview: 06/30/2025     45,100 or 43,000 by 07/15/2025   16,800 or 14,700 by 07/15/2025   1,090 or 1,025 by 07/15/2025   21,300 or 19,600 by 07/15/2025   6,350 or 6,000 by 07/15/2025
Chart Pattern Indicator: on 7/11/25

As of 07/11/2025   Indus: 44,372 -279.13 -0.6%     Trans: 16,209 -107.33 -0.7%     Utils: 1,063 -2.69 -0.3%     Nasdaq: 20,586 -45.13 -0.2%     S&P 500: 6,260 -20.71 -0.3%	YTD  +4.3%    +2.0%    +8.2%    +6.6%    +6.4%
Targets    Overview: 06/30/2025     45,100 or 43,000 by 07/15/2025   16,800 or 14,700 by 07/15/2025   1,090 or 1,025 by 07/15/2025   21,300 or 19,600 by 07/15/2025   6,350 or 6,000 by 07/15/2025
Chart Pattern Indicator: on 7/11/25

Recent Headlines Monday 7/14/25. Market Monday: The Week Ahead Friday 7/11/25. Pattern Trading Setups for the Weekend. Thursday 7/10/25. Intraday Market Direction: Nasdaq Wednesday 7/9/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 7/8/25. Slider Trading Quiz! Timberland: TBL

Older Headlines Monday 7/7/25. Market Monday: The Week Ahead Thursday 7/3/25. Intraday Market Direction: Nasdaq Wednesday 7/2/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 7/1/25. 2025 Forecast Update Monday 6/30/25. Market Monday: The Week Ahead Friday 6/27/25. Pattern Trading Setups for the Weekend. Thursday 6/26/25. Intraday Market Direction: Nasdaq Wednesday 6/25/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 6/24/25. Slider Trading Quiz! Toll Brothers: TMK Monday 6/23/25. Market Monday: The Week Ahead

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Monday 7/14/25. Market Monday: The Week Ahead

• My Prediction
• A Brief Look Back
• Options Expiration
• Swing Traders: Pivot Points
• Earnings, Chart Patterns & Industries

My Prediction

The CPI (Chart Pattern Indicator), not shown, flipped to bearish today with a 12.1 reading (on a scale from 0 to 100). As I look at the chart of the S&P 500 index, I see it rounded over during the last several days (actually, the uptrend slope has slowed).

To me, that suggests a reversal. So I drew green lines (BC) where I expect the index to find support. It might not find it between the lines, but it never hurts to be prepared.

Circled at A is a knot of support where I expect the index to stall or perhaps reverse if it drops that far.

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.

For the Week...

Year to Date...

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).

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.

• Seekinger doesn't look at the range of S2 to R2 as support and resistance levels. Rather, he considers them oversold (S) and overbought (R) areas.
• S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.
• If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.
• In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.
• A move outside of daily R1 or S1 usually does not mean a breakout.
• The odds suggest that the entire week's price action will remain between weekly R2 and S2.
• Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).
• Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.
• Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season will be starting in about 2 days.

Here's a symbol list of 103 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AES, ALRM, AMZN, DOX, AMED, AEO, AIG, AMGN, APH, APA, ANET, BSET, BA, BOOT, CLS, CF, CHKP, CI, CNO, CL, COTY, CTS, FFIV, FIS, FLEX, FTV, IT, GNW, GPRO, GES, HQY, HSIC, HURC, PODD, TILE, KMB, RAMP, LXU, MKTX, MTRX, MRK, MU, MSFT, MUR, NBR, NTAP, NVDA, ORCL, OR, PTEN, PINC, PFG, PEG, PSTG, DGX, ROL, ROST, RES, SAIA, CRM, SLB, STR, SPSC, TPR, TDC, TEVA, TZOO, UIS, WEX, WMB, WOLF, WWD, WDAY, ITA, IEZ, IHF, ILF, IGE, IHI, ECH, EWH, EWI, EWJ, EWP, EWT, THD, PXJ, PJP, XAR, XLK. 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.

-- Thomas Bulkowski, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Friday 7/11/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 172 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AMD, AES, ALK, ALB, ALGT, DOX, AMGN, AR, APA, ACGL, AVY, BCPC, BSET, BAX, BBY, BIO, BOOT, CLS, CX, CNP, CENX, CHKP, CIEN, CI, CLNE, CLF, CGNX, CTSH, CMCO, CMTL, CAG, COP, COTY, CR, CCRN, DHR, XRAY, DUK, EME, EL, EVH, XOM, EZPW, FDS, FARO, IT, GD, GILD, GPN, GPRO, HBI, THG, HQY, HSII, HNI, HON, HWM, HUBG, JBHT, TILE, JKHY, KALU, KMB, LNC, RAMP, L, LXU, MTSI, MGY, MRTN, MTDR, MTRX, MRCY, MCO, MUR, NBR, NFG, NOV, NTAP, NWL, OXY, ORI, ORCL, OUT, PTEN, PINC, PFG, PEG, PSTG, RRC, RGS, ROP, RES, SAIA, SLB, SMTC, SLGN, SKYW, SO, LUV, SR, SSYS, SRDX, SNPS, TECH, TFX, TER, TXT, TKR, TREX, TWLO, UIS, VLO, VEEV, VRTX, WERN, WMB, WWD, ITA, IYM, IYE, IEZ, QTEC, FXL, FXI, IXC, MXI, ILF, IGE, IEO, IYF, EWA, EWZ, EWG, EWM, EPP, EWY, TUR, EWU, IBB, PBE, PEJ, PXJ, PJP, XLE, XLK, VIS, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Thursday 7/10/25. Intraday Market Direction: Nasdaq

$ $ $

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

The two peaks at A caught my attention because they are near the same price level. Sometimes, twin peaks can form into a double top.

For a double top to confirm as a valid chart pattern, the index has to close below the lowest valley between the two peaks. I don't see that happening (but it could if it happens before price rises above the right - taller of the two - peaks).

The right peak at A is a 2B pattern. Price dropped for a few days and has been recovering since, forming the handle at B of what could be a cup with handle.

If the index breaks out to new highs, maybe it'll soar.

$ $ $

Here's a symbol list of 149 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ABT, ACIW, AYI, ADBE, AMD, AES, AFL, ALK, AMGN, AR, AON, APA, AAPL, ACGL, ANET, AGO, AZTA, BCPC, BSET, BBY, BA, BOOT, BCO, CLS, CX, CI, CTAS, CSCO, CLNE, CLX, CNA, CNO, CGNX, CTSH, CMTL, COTY, CR, CCRN, XRAY, EVH, EXPI, FICO, FIVN, FCX, IT, GIS, GILD, GL, GPRO, HBI, HQY, HTLD, HSII, HOLX, HON, JBHT, HURC, PODD, JKHY, LEN, LNC, RAMP, L, LPLA, LXU, M, MA, MTRX, MDT, MU, MSFT, MUR, NBR, ^IXIC, NFG, NVDA, ORI, OMI, PKG, PTEN, PINC, PFG, PRU, PSTG, RL, RRC, ROP, RES, SAIA, SBH, SLB, SAIC, SMTC, SCCO, LUV, TRGP, TDOC, TKR, RIG, TRV, TWLO, UIS, UNH, VLO, VC, VMC, WMB, WOLF, WDAY, ITA, FDN, QTEC, IAT, IEV, ILF, EWO, EWK, EEM, EWQ, EWG, EIS, EWI, EWP, EWD, EWL, IBB, PBE, PXJ, PJP, XLF, UNG, 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 Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Wednesday 7/9/25. A Look at the Chart Pattern Indicator (CPI)

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 reading is bullish, at 74.1. It turned bullish about two weeks ago when the green bar on the far right of the chart appeared.

Notice the CPI line near the bottom of the chart. It peaked about a week ago and has dropped since. That's a sign of weakness in the general market. However, the signal can change for up to a week. Even so, I think the CPI will continue lower, suggesting a market setback is coming. The index has been rising since the green bar appeared, so it's time for a retrace. I'm not expecting a crash or large move down, but in this political environment, anything is possible.

$ $ $

Here's a symbol list of 144 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, AYI, AMD, AES, ALK, ALKS, AMZN, AEE, AMGN, AR, APA, ANET, ASH, AZTA, BSET, BIO, BKH, BOOT, BCO, BRKR, CACI, CE, CNP, CF, CI, CLNE, CNA, CMCO, COP, CSGP, COTY, CR, DTE, EME, EQT, XOM, FICO, FIS, FIVN, FNV, FRD, GD, GILD, HTLD, HL, HSII, HP, JBHT, HURC, NSP, PODD, KLAC, RAMP, LPLA, LXU, M, MRTN, MLM, MTRX, MOS, MUR, NBR, NTGR, NTNX, OGE, OLN, OTEX, OR, PTEN, PFE, PINC, PFG, PG, RRC, RLI, RHI, ROP, RES, SAIA, CRM, SLB, SMTC, SHOP, SKYW, SCCO, LUV, SWX, SCS, SRDX, TDOC, TKR, TDG, RIG, TRV, VFC, VLO, VRTX, WMB, WOLF, WDAY, ITA, IYC, IYE, FDN, IEV, SOXX, IGE, IEO, EWH, EIS, EWM, EPP, EWY, EWT, THD, TUR, IBB, PXJ, PJP, ROBO, XLY, XLE, XAR. 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

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