As of 03/20/2026   Indus: 45,577 -443.96 -1.0%     Trans: 17,849 -97.63 -0.5%     Utils: 1,122 -43.37 -3.7%     Nasdaq: 21,648 -443.08 -2.0%     S&P 500: 6,506 -100.01 -1.5%	YTD -5.2%    +2.8%    +5.0%   -6.9%   -5.0%	Targets    Overview: 03/13/2026     44,000 or 48,800 by 04/01/2026   17,100 or 19,100 by 04/01/2026   1,300 or 1,090 by 04/01/2026   21,200 or 23,700 by 04/01/2026   6,350 or 6,900 by 04/01/2026
Chart Pattern Indicator: on 3/2/26

As of 03/20/2026   Indus: 45,577 -443.96 -1.0%     Trans: 17,849 -97.63 -0.5%     Utils: 1,122 -43.37 -3.7%     Nasdaq: 21,648 -443.08 -2.0%     S&P 500: 6,506 -100.01 -1.5%	YTD -5.2%    +2.8%    +5.0%   -6.9%   -5.0%
Targets    Overview: 03/13/2026     44,000 or 48,800 by 04/01/2026   17,100 or 19,100 by 04/01/2026   1,300 or 1,090 by 04/01/2026   21,200 or 23,700 by 04/01/2026   6,350 or 6,900 by 04/01/2026
Chart Pattern Indicator: on 3/2/26

Recent Headlines Monday 3/23/26. Market Monday: The Week Ahead Friday 3/20/26. Pattern Trading Setups for the Weekend. Thursday 3/19/26. Intraday Market Direction: Nasdaq Wednesday 3/18/26. A Look at the Chart Pattern Indicator (CPI) Tuesday 3/17/26. Slider Trading Quiz! Oxford Industries: OXM
Older Headlines 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 Wednesday 3/11/26. A Look at the Chart Pattern Indicator (CPI) Tuesday 3/10/26. Slider Trading Quiz! Perficient: PRFT (actual trade)	Archives March Archive February Archive January Archive December Archive All Archives

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

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

My Prediction

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.

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

No options expire this week.

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 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.

-- Thomas Bulkowski

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

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

$ $ $

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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