Bulkowski's Blog: ThePatternSite.com
As of 06/11/2025
  Indus: 42,866 -1.10 0.0%  
  Trans: 14,928 -242.93 -1.6%  
  Utils: 1,029 +1.15 +0.1%  
  Nasdaq: 19,616 -99.11 -0.5%  
  S&P 500: 6,022 -16.57 -0.3%  
YTD
 +0.8%  
-6.1%  
 +4.7%  
 +1.6%  
 +2.4%  
  Targets    Overview: 06/02/2025  
  Up arrow43,700 or 40,900 by 06/15/2025
  Up arrow16,000 or 14,500 by 07/01/2025
  Up arrow1,080 or 1,010 by 06/15/2025
  Up arrow20,500 or 19,000 by 07/01/2025
  Up arrow6,100 or 5,700 by 06/15/2025
As of 06/11/2025
  Indus: 42,866 -1.10 0.0%  
  Trans: 14,928 -242.93 -1.6%  
  Utils: 1,029 +1.15 +0.1%  
  Nasdaq: 19,616 -99.11 -0.5%  
  S&P 500: 6,022 -16.57 -0.3%  
YTD
 +0.8%  
-6.1%  
 +4.7%  
 +1.6%  
 +2.4%  
  Targets    Overview: 06/02/2025  
  Up arrow43,700 or 40,900 by 06/15/2025
  Up arrow16,000 or 14,500 by 07/01/2025
  Up arrow1,080 or 1,010 by 06/15/2025
  Up arrow20,500 or 19,000 by 07/01/2025
  Up arrow6,100 or 5,700 by 06/15/2025

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Picture of Orb Foresight book. Picture of 'Invest for two-comma wealth' book.

Older Headlines

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Thursday 6/12/25. Intraday Market Direction: Nasdaq

The Nasdaq dropped by -0.5% or -99.11 points. Since 02/05/1971 the Nasdaq made 380 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.9% on 186 occasions.
     Average loss was -1.2% on 194 occasions.
Expect the Nasdaq to close lower 51.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 291/528 or 55.1% of the time.
     The prediction of the Nasdaq closing lower has been right 86/178 or 48.3% 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 drew a red trendline under the valleys even though it cuts through price. It's a view of how price is following the trendline higher.

At A is a preview of what the drop at B might look like. However, A happened within one day. B, if price continues to drop, will span two days. I don't know what will happen at the open. It looks like B is moving sideways, perhaps trying to decide on a direction.

Not shown but the CPI (chart pattern indicator) has dropped to 46, which is neutral from bullish (which starts at 65 and above). So the general market is seeing weakness. That suggests tomorrow (Thursday) will be weak.

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I started adding examples to the chart pattern pages, starting with the 2B pattern. This was a suggestion from a blog reader 6+ months ago. I wanted to finish writing my Orb Foresight book first, which I did. I released the book yesterday (see the post for details).

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Here's a symbol list of 217 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AMD, AFL, AKAM, ALRM, AA, ALGT, AMZN, AMWD, APOG, AAPL, ATR, ARCB, ACGL, AWI, ARW, AVNT, AVA, BCPC, BZH, BBY, BIIB, BMY, BRKR, BLDR, CACI, CNC, CI, CLNE, CNX, CGNX, GLW, CTS, XRAY, DVN, FANG, ^DJT, BOOM, EXP, EMN, EIX, EPAM, EFX, EVH, EZPW, FIS, FIVN, GIS, GPN, GL, GMS, GFF, GES, HLIT, HTLD, HSII, HELE, HNI, HD, HOV, HUBG, JBHT, IEX, ITW, INCY, IBP, IIIN, ITGR, INTU, JAZZ, JBLU, KALU, KBH, KEYS, KFRC, KLAC, KSS, LHX, LZB, LH, LANC, LEG, LEN, RAMP, LOW, MHO, MTSI, M, MANH, MRTN, MAS, META, MSFT, MLKN, MYGN, ^IXIC, NOV, NTGR, NWL, NOC, NOVT, OXY, OMCL, ASGN, ON, OTEX, OUT, OMI, PKE, PATK, PCTY, PFE, PNW, PPG, PINC, PRU, PSTG, QCOM, DGX, RMBS, REGN, RCKY, R, SAIA, SBH, SIGI, SHW, SHOP, SLGN, LUV, SPSC, SCS, SRDX, TPR, TRGP, TDY, TFX, TDC, TER, TXN, TXT, TKR, TJX, TOL, TREX, UNH, VFC, VLO, VECO, VEEV, MDRX, VC, WRB, WSO, WERN, WSC, WOLF, WWW, ZBRA, IYC, IHE, FXL, FXI, BOTZ, ICF, IYH, IAT, IYZ, IXC, MXI, IXN, ILF, IGE, IYF, EWZ, EEM, EWW, EWY, EWL, TUR, IBB, PHO, XLV, XHB, XLK, 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.

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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)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  16,802.30    
 Monthly S1  18,209.09  1,406.79   
 Weekly S2  18,778.69  569.60   
 Monthly Pivot  18,909.80  131.11   
 Weekly S1  19,197.28  287.48   
 Weekly Pivot  19,403.90  206.61   
 Daily S2  19,406.77  2.88   Yes! The Daily S2 is close to the Weekly Pivot.
 Daily S1  19,511.33  104.55   
 Low  19,551.34  40.01   
 Close  19,615.88  64.54   
 61.8% Down from Intraday High  19,646.50  30.62   
 Daily Pivot  19,655.89  9.39   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  19,675.90  20.01   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  19,705.30  29.40   
 Daily R1  19,760.45  55.15   
 Open  19,779.35  18.90   Yes! The Open is close to the Daily R1.
 High  19,800.46  21.11   Yes! The High is close to the Open.
 Weekly R1  19,822.49  22.03   Yes! The Weekly R1 is close to the High.
 Daily R2  19,905.01  82.52   
 Weekly R2  20,029.11  124.09   
 Monthly R1  20,316.59  287.48   
 Monthly R2  21,017.30  700.71   

Wednesday 6/11/25. 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 most recent signal is bullish, as shown by the vertical green bar on the far right of the chart.

The inset shows the CPI line in blue. It has neared the peak of its move and has a slight dip at the right end (not the big dip, but today's drop). Because signals can change for up to a week, the dip might not be meaningful but it does square with the index hitting overhead resistance (or approaching it).

My guess is we'll see a retrace soon. I don't know what 'soon' means in terms of time, but probably a week and you'll see the index move sideways to down. A political move could see the index shooting higher, though.

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I released a new book, Orb Foresight (pictured), both in print and e-book today. It's a novel (fiction).

Picture of Orb Foresight book.

Orb Foresight (#AD: link to Amazon.com)

What happens when a struggling stock market trader buys an orb that can predict the future?

Dr. Melissa Humphries is a scientist at Los Alamos National Laboratory who discovers a way to create intelligent life, which she calls orbs. With their ability to see the future, she hopes they will help guide humanity.

What happens when she releases the orbs into society?

Will they use their foresight to improve the world or will they submit to others who want to use orbs to enrich themselves?

Read this fast-paced adventure about the love between friends, about good versus evil, and what it means to be good.

This book is suitable for anyone, young or old, who believes in possibilities. Buy and read this emotional—and thrilling—soft sci-fi novel about the life of orbs and those who care for them.

$ $ $

Here's a symbol list of 166 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ADTN, AMD, ALRM, AA, ALKS, ALL, AMED, AMWD, APH, AON, APOG, ARCB, ADP, BCPC, BBW, CACI, CNC, CF, CINF, CLX, CNO, CGNX, CL, CMTL, COP, GLW, COTY, CCK, CTS, XRAY, FANG, ^DJI, BOOM, EOG, EVRG, EXPI, XOM, EZPW, FAST, FIS, FISV, FIVN, FLEX, GIS, GPN, GS, GES, HBI, HLIT, HSII, HELE, HNI, HOV, HUM, JBHT, HURC, IIIN, ITGR, IRM, K, KLIC, LH, LANC, LDOS, RAMP, MTDR, MTRX, MRK, MLKN, MUR, NTAP, NWL, NOC, OMCL, OMC, OR, PANW, PATK, PAYX, PYPL, PETS, PFE, PLXS, POR, PINC, PRU, PSTG, QTWO, QCOM, DGX, RNG, RCKY, RGLD, RES, CRM, SEIC, SIGI, SKX, SXI, SCS, SRDX, SNPS, TDOC, TDY, TDC, TEVA, TKR, TJX, TZOO, VLO, VECO, VRSN, VRTX, VC, WERN, WPM, WSM, WWW, ZBRA, ITA, IEZ, IHE, DDM, FTEC, FDN, IYH, IXC, IXN, IGE, IEO, IYF, EWA, EWO, EWH, EWI, EWT, TUR, PEJ, PJP, XLY, XLV, XLK, UNG, 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.

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

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Tuesday 6/10/25. Slider Trading Quiz!

The Dow dropped by 0.0% or -1.11 points. Since 10/01/1928 the Dow made 1390 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 750 occasions.
     Average loss was -0.6% on 640 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 309/567 or 54.5% of the time.
     The prediction of the Dow closing lower has been right 60/124 or 48.4% of the time.

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I show another slider trading quiz featuring Torchmark: TMK (support and resistance).

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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: ABM, AMD, AFL, ALRM, AA, ALKS, ALL, AMZN, APH, AAPL, ARCB, ANET, ARW, ASH, BCPC, BALL, BAH, CAL, CPB, CE, CDAY, CINF, CNO, CGNX, COTY, CR, DSGR, ^DJT, EIX, EQT, EXPD, FIS, FLS, FWRD, FCX, GAP, GPN, GPRO, HBI, HELE, HSY, HNI, JBHT, HURC, ILMN, ITGR, IRM, JBLU, KELYA, LH, LANC, LDOS, RAMP, M, MGY, MLM, MAS, MTDR, MRK, META, NBR, NTAP, NWL, NKE, NTNX, PANW, PKE, PYPL, PETS, PFE, PLXS, POR, PINC, QTWO, QCOM, DGX, RL, RMBS, RGS, RNG, ROG, SAIA, SAIC, SIGI, SCCO, SNPS, TRGP, TDOC, TDC, TER, TXT, TKR, RIG, VECO, MDRX, WAT, WERN, WU, WLK, WWW, IYC, IEZ, IHE, FDN, FXI, ICF, IYZ, IXN, SLV, IGE, IYF, EEM, EWH, EWM, EWY, EWT, THD, PBE, PEJ, PJP, XLF, XRT, XLK, UNG. 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.

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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

© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  39,983.43    
 Monthly S1  41,372.59  1,389.17   
 Weekly S2  41,442.38  69.78   
 Weekly S1  42,102.07  659.69   
 Monthly Pivot  42,148.58  46.51   
 Daily S2  42,415.26  266.68   
 Weekly Pivot  42,513.31  98.05   
 Low  42,567.55  54.24   
 Daily S1  42,588.51  20.96   Yes! The Daily S1 is close to the Low.
 61.8% Down from Intraday High  42,691.91  103.39   
 50% Down from Intraday High  42,730.32  38.41   
 Daily Pivot  42,740.80  10.48   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  42,761.76  20.96   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  42,768.73  6.97   Yes! The 38.2% Down from Intraday High is close to the Close.
 Open  42,786.19  17.46   Yes! The Open is close to the 38.2% Down from Intraday High.
 High  42,893.09  106.90   
 Daily R1  42,914.05  20.96   Yes! The Daily R1 is close to the High.
 Daily R2  43,066.34  152.29   
 Weekly R1  43,173.01  106.67   
 Monthly R1  43,537.74  364.73   
 Weekly R2  43,584.25  46.51   
 Monthly R2  44,313.73  729.47   

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