Bulkowski's Blog: ThePatternSite.com
As of 04/30/2026
  Indus: 49,652 +790.33 +1.6%  
  Trans: 20,794 +262.22 +1.3%  
  Utils: 1,165 +22.58 +2.0%  
  Nasdaq: 24,892 +219.07 +0.9%  
  S&P 500: 7,209 +73.06 +1.0%  
YTD
 +3.3%  
 +19.8%  
 +9.1%  
 +7.1%  
 +5.3%  
  Targets    Overview: 04/30/2026  
  Up arrow51,000 or 47,000 by 05/15/2026
  Down arrow19,700 or 22,300 by 05/15/2026
  Up arrow1,200 or 1,120 by 05/15/2026
  Up arrow25,800 or 23,800 by 05/15/2026
  Up arrow7,300 or 6,800 by 05/15/2026
As of 04/30/2026
  Indus: 49,652 +790.33 +1.6%  
  Trans: 20,794 +262.22 +1.3%  
  Utils: 1,165 +22.58 +2.0%  
  Nasdaq: 24,892 +219.07 +0.9%  
  S&P 500: 7,209 +73.06 +1.0%  
YTD
 +3.3%  
 +19.8%  
 +9.1%  
 +7.1%  
 +5.3%  
  Targets    Overview: 04/30/2026  
  Up arrow51,000 or 47,000 by 05/15/2026
  Down arrow19,700 or 22,300 by 05/15/2026
  Up arrow1,200 or 1,120 by 05/15/2026
  Up arrow25,800 or 23,800 by 05/15/2026
  Up arrow7,300 or 6,800 by 05/15/2026

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Friday 5/1/26. 2026 Market Forecast Update

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

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Here's a symbol list of 195 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, AEIS, AKAM, ALK, ALB, AA, AEE, AEO, AXP, AFG, AIG, AR, AON, AMAT, AIZ, ATO, AVA, AXS, BALL, BBY, BIO, BKH, BRC, BCO, BMY, CALM, CPB, CX, CNP, CIEN, ED, CAG, COP, GLW, COST, COTY, CRH, CSGS, CMI, CW, DVN, ^DJU, ^DJT, ^DJI, DTE, DUK, EXP, EMR, EFX, EQT, EL, EG, EVRG, P, EVH, FAST, FTV, FDP, FRD, GAP, GNW, GOOGL, THG, HLIT, HD, HUBG, HUN, IDA, ITW, IIIN, ITGR, IPAR, IBKR, TILE, IPI, JBLU, KSS, LRCX, LEG, LLY, LNC, L, LPLA, MTSI, MGY, MRTN, MTRX, MRCY, META, MLKN, MS, MLI, NTAP, NJR, OXY, OMCL, PEN, PETS, PNW, PPG, PRU, PEG, QCOM, RRC, RGA, RLI, ROK, SLB, SEIC, SRE, SGI, LUV, SR, SXI, TPR, TDOC, TER, TXT, TKR, TDG, TG, UGI, UIS, UNH, VFC, WAT, WEX, WSM, WSC, XEL, IEZ, IHE, IDU, BOTZ, IAT, IEV, MXI, ILF, IYF, EWA, EWK, EWZ, EWC, ECH, EEM, EWQ, EWG, EWH, EWI, EWJ, EWW, EPP, EWS, EZA, EWP, EWD, EWL, EWT, THD, TUR, EWU, IBB, PBE, PXJ, PJP, ROBO, XLF, XHB, XLI, XRT, XAR, XLU, 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.

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Thursday 4/30/26. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 0.0% or 9.44 points. Since 02/05/1971 the Nasdaq made 733 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.9% on 419 occasions.
     Average loss was -0.9% on 314 occasions.
Expect the Nasdaq to close higher 57.2% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 306/563 or 54.4% of the time.
     The prediction of the Nasdaq closing lower has been right 89/186 or 47.8% of the time.

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Picture of the Nasdaq composite on the 5 minute scale.

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

Let's go from left to right when discussing chart patterns. I didn't show all of them but the first is a double bottom. This is an Adam & Adam double bottom. Adam refers to the shape of the bottom (narrow, long, sometimes a one-bar price spike).

Next is a multi-peak pattern. I see this a lot with price dropping some and a bullish pattern appearing. Following that, we see price rise for a time before price plunges.

We see that behavior here. Price drops and forms a bullish triple bottom (but not a classic example of one). Then the index rises only to tumble at the next day's opening.

We see a triple bottom, which are three bottoms near the same price. It becomes a valid triple bottom when the index closes above the top of it. That happens when the index forms a potential triple bottom. That one hasn't confirmed (no close yet above the top of the pattern).

Finally a double bottom appears on the far right of the chart. Price rises far enough to confirm the pattern as valid. With a new day opening tomorrow (Thursday), it's likely the chart resets. By that, I mean the index could gap open down or up, potentially negating a chart pattern from the prior day. That's especially true when political words and a war push things around.

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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: DDD, ALGT, AEO, AXP, AIG, ANIK, AR, AMAT, ADM, ANET, ASH, AIZ, ADP, AVY, BSET, BAX, BSX, BCO, BBW, BLDR, CBT, CACI, CDNS, CNC, CTAS, CLX, COP, CSGP, CR, DVN, FANG, BOOM, EXP, EBAY, EIX, EOG, EPAM, EFX, EQT, EG, EVH, EXPI, FTV, FNV, GAP, GD, GNW, GPN, GFF, THG, HTLD, HL, HSY, HD, DHI, IEX, IDXX, INTC, IPAR, IBKR, IPI, JBLU, KBH, KMT, KEYS, LHX, LEG, LOW, LXU, MGY, MRTN, MA, MS, MLI, NTGR, NJR, NEE, NUS, NTNX, OXY, OMCL, OMC, OR, PTEN, PCTY, PYPL, PETS, PFE, PLXS, PHM, REGN, RCKY, RGLD, SMG, SEIC, NOW, SGI, SCCO, SXI, TER, TEVA, TOL, TDG, TREX, UGI, UIS, UPS, UNH, UNM, VFC, VLO, VEEV, V, VMC, WSO, WERN, WEX, WPM, WSM, WSC, ITA, IYE, IHE, DDM, FDN, FXL, BOTZ, IYH, IEV, IXC, MXI, SLV, IEO, IHI, EWA, EWK, ECH, EEM, EWQ, EIS, EWJ, EWW, EPP, EWS, EZA, EWD, EWL, THD, TUR, EWU, IBB, PPA, DBA, PBE, PHO, ROBO, XLE, XLV, UNG, USO, 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

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  19,242.05    
 Monthly S1  21,957.65  2,715.59   
 Monthly Pivot  23,405.84  1,448.20   
 Weekly S2  23,920.39  514.54   
 Weekly S1  24,296.81  376.43   
 Daily S2  24,451.94  155.13   
 Low  24,532.70  80.76   
 Daily S1  24,562.59  29.89   
 Weekly Pivot  24,575.43  12.84   Yes! The Weekly Pivot is close to the Daily S1.
 61.8% Down from Intraday High  24,605.82  30.39   
 Open  24,606.53  0.71   Yes! The Open is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  24,628.40  21.88   
 Daily Pivot  24,643.35  14.95   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  24,650.99  7.64   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  24,673.24  22.25   
 High  24,724.11  50.87   
 Daily R1  24,754.00  29.89   
 Daily R2  24,834.76  80.76   
 Weekly R1  24,951.85  117.09   
 Weekly R2  25,230.47  278.61   
 Monthly R1  26,121.44  890.97   
 Monthly R2  27,569.63  1,448.20   

Wednesday 4/29/26. 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 is neutral, with a reading of 41.7. That reading appears visually with white bars on the far right of the chart.

The inset shows what appears to be a double top in the indicator. I don't believe chart patterns work for the CPI, but if this one does, then expect the CPI to turn bearish.

The index might not drop much but you should see weakness in the general market over the coming days. Remember that signal can change for up to a week, so what is neutral today could turn bullish if the market jumps a lot higher (or bear after a index plunge).

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Here's a symbol list of 179 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACH, ADBE, A, AEO, AXP, AFG, ANIK, AR, ATR, ARCB, ASH, AIZ, ADP, AZTA, BMI, BSET, BAX, BZH, BIIB, BMRN, BSX, BFH, BCO, BLDR, BG, CBT, COR, CNC, CF, CVX, CI, CTAS, CLX, CNX, CL, COP, GLW, CSGP, CR, XRAY, DVN, ^DJT, BOOM, EXP, EIX, EOG, EFX, EQT, EG, EXPD, EZPW, FORM, FNV, GAP, GNW, GPN, GFF, HQY, HL, HD, DHI, HOV, HUM, IEX, ITW, INCY, NSP, IPAR, IBKR, IPI, JBLU, JNJ, KBH, KELYA, KMT, KFRC, LH, LEG, LDOS, LEN, MGY, MAN, MRTN, MTDR, MTRN, MLKN, MS, MLI, NFG, NTGR, NEU, NTNX, OXY, OMCL, OR, PTEN, PFE, PRU, PHM, QTWO, DGX, RMBS, RHI, ROL, RGLD, SCHW, SMG, SEIC, SLGN, SGI, SCCO, TRGP, TGT, TDC, TER, MZTI, TOL, TDG, TRV, TREX, TWLO, UIS, UNH, UNM, VFC, VEEV, WSO, WU, WEX, WPM, WSM, WSC, ITA, IYC, IHE, DDM, FXL, FXI, IHF, IEV, MXI, ILF, SOXX, SLV, IYF, IHI, EWZ, ECH, EWQ, EWI, EWW, EPP, EWS, EZA, EWD, EWL, TUR, PPA, DBA, PHO, XLE, XLF, GLD, 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.

-- Thomas Bulkowski

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