As of 03/17/2026   Indus: 46,993 +46.85 +0.1%     Trans: 18,052 +198.07 +1.1%     Utils: 1,184 -2.83 -0.2%     Nasdaq: 22,480 +105.35 +0.5%     S&P 500: 6,716 +16.71 +0.2%	YTD -2.2%    +4.0%    +10.9%   -3.3%   -1.9%	Targets    Overview: 03/13/2026     45,500 or 48,800 by 04/01/2026   17,100 or 19,100 by 04/01/2026   1,300 or 1,140 by 04/01/2026   21,200 or 23,700 by 04/01/2026   6,500 or 6,900 by 04/01/2026
Chart Pattern Indicator: on 3/2/26

As of 03/17/2026   Indus: 46,993 +46.85 +0.1%     Trans: 18,052 +198.07 +1.1%     Utils: 1,184 -2.83 -0.2%     Nasdaq: 22,480 +105.35 +0.5%     S&P 500: 6,716 +16.71 +0.2%	YTD -2.2%    +4.0%    +10.9%   -3.3%   -1.9%
Targets    Overview: 03/13/2026     45,500 or 48,800 by 04/01/2026   17,100 or 19,100 by 04/01/2026   1,300 or 1,140 by 04/01/2026   21,200 or 23,700 by 04/01/2026   6,500 or 6,900 by 04/01/2026
Chart Pattern Indicator: on 3/2/26

Recent Headlines Wednesday 3/18/26. A Look at the Chart Pattern Indicator (CPI) Tuesday 3/17/26. Slider Trading Quiz! Oxford Industries: OXM Monday 3/16/26. Market Monday: The Week Ahead Friday 3/13/26. Pattern Trading Setups for the Weekend. Thursday 3/12/26. Intraday Market Direction: Nasdaq
Older Headlines Wednesday 3/11/26. A Look at the Chart Pattern Indicator (CPI) Tuesday 3/10/26. Slider Trading Quiz! Perficient: PRFT (actual trade) Monday 3/9/26. Market Monday: The Week Ahead Friday 3/6/26. Pattern Trading Setups for the Weekend. Thursday 3/5/26. 2026 Market Forecast Update	Archives March Archive February Archive January Archive December Archive All Archives

Wednesday 3/18/26. 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 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

Tuesday 3/17/26. Slider Trading Quiz!

$ $ $

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

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

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

My Prediction

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.

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 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.

-- Thomas Bulkowski

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