Bulkowski's Blog: ThePatternSite.com
As of 04/28/2026
  Indus: 49,142 -25.86 -0.1%  
  Trans: 20,733 -111.00 -0.5%  
  Utils: 1,157 +1.83 +0.2%  
  Nasdaq: 24,664 -223.30 -0.9%  
  S&P 500: 7,139 -35.11 -0.5%  
YTD
 +2.2%  
 +19.4%  
 +8.3%  
 +6.1%  
 +4.3%  
  Targets    Overview: 04/14/2026  
  Up arrow49,800 or 46,750 by 05/01/2026
  Up arrow23,500 or 20,700 by 05/01/2026
  Down arrow1,120 or 1,200 by 05/01/2026
  Up arrow25,800 or 23,800 by 05/15/2026
  Up arrow7,250 or 6,675 by 05/01/2026
As of 04/28/2026
  Indus: 49,142 -25.86 -0.1%  
  Trans: 20,733 -111.00 -0.5%  
  Utils: 1,157 +1.83 +0.2%  
  Nasdaq: 24,664 -223.30 -0.9%  
  S&P 500: 7,139 -35.11 -0.5%  
YTD
 +2.2%  
 +19.4%  
 +8.3%  
 +6.1%  
 +4.3%  
  Targets    Overview: 04/14/2026  
  Up arrow49,800 or 46,750 by 05/01/2026
  Up arrow23,500 or 20,700 by 05/01/2026
  Down arrow1,120 or 1,200 by 05/01/2026
  Up arrow25,800 or 23,800 by 05/15/2026
  Up arrow7,250 or 6,675 by 05/01/2026

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Archives


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).

$ $ $

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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Tuesday 4/28/26. Slider Trading Quiz!

The Dow dropped by -0.1% or -62.92 points. Since 10/01/1928 the Dow made 1418 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 742 occasions.
     Average loss was -0.7% on 676 occasions.
Expect the Dow to close higher 52.3% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 332/608 or 54.6% of the time.
     The prediction of the Dow closing lower has been right 63/129 or 48.8% of the time.

$ $ $

I show another slider trading quiz featuring Nationwide Financial Services: NFS.

$ $ $

Here's a symbol list of 120 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, ALB, DOX, AEO, AXP, ANIK, AIZ, ADSK, ADP, AVY, AXS, AZTA, BIIB, BMRN, BOOT, BAH, BSX, CALM, CNC, CENX, CLF, CLX, CNO, GLW, CCRN, DECK, DVN, FANG, DTE, ELV, EG, EFOR, FAST, FIVN, FORM, FTV, FDP, FRD, GILD, GS, HIG, HON, NSP, IBKR, IPI, INTU, LZB, LEN, LLY, LNC, LXU, MANH, MTRN, MU, MLKN, MCO, MS, MLI, NBR, NOV, NTGR, NTAP, NTNX, OTEX, PTEN, PAYX, PCG, PPG, RNG, RLI, ROL, RES, SBH, SAIC, SEIC, SCI, SHW, SCCO, TER, MZTI, TTD, TSCO, TWLO, UIS, UNH, VFC, WU, WPM, WMB, WSC, XEL, IAI, FXL, AIQ, BOTZ, IEV, IXC, MXI, ILF, SOXX, IYF, EWK, EWG, EIS, EWW, EPP, EWY, TUR, PPA, PXJ, XLE. 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

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  43,233.18    
 Monthly S1  46,200.48  2,967.31   
 Monthly Pivot  48,024.59  1,824.10   
 Weekly S2  48,305.21  280.63   
 Weekly S1  48,736.50  431.29   
 Daily S2  48,859.43  122.93   
 Daily S1  49,013.61  154.18   
 Low  49,029.47  15.86   Yes! The Low is close to the Daily S1.
 Open  49,112.20  82.73   
 61.8% Down from Intraday High  49,153.32  41.12   
 Close  49,167.79  14.47   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot  49,183.65  15.86   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  49,191.58  7.93   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  49,229.84  38.26   
 Weekly Pivot  49,292.60  62.76   
 Daily R1  49,337.83  45.23   
 High  49,353.69  15.86   Yes! The High is close to the Daily R1.
 Daily R2  49,507.87  154.18   
 Weekly R1  49,723.88  216.01   
 Weekly R2  50,279.98  556.09   
 Monthly R1  50,991.89  711.92   
 Monthly R2  52,816.00  1,824.10   

Monday 4/27/26. Market Monday: The Week Ahead

My Prediction

Picture of the Dow utilities on the daily scale.

I show a chart of the Dow utilities on the daily scale.

Let's go from left to right. Pattern E is a symmetrical triangle, outlined in blue. This one breaks out upward (which they do 60% of the time), and the index posts a good rise.

AB is a double top. This confirms as a valid chart pattern when the index plunges to C. After that, we see a pullback to D. The rise is unusual for a pullback because it coasted far above the breakout price (the valley between the two peaks) and even above the two peaks.

Where does the index go from here? I don't know. It looks to have completed its downward move and has returned to a resistance/support region. From here, it can go anywhere, but my guess is upward.

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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.

Monday: Down 4.87 points.
Tuesday: Down 293.18 points.
Wednesday: Up 340.65 points.
Thursday: Down 179.71 points.
Friday: Down 79.61 points.

For the Week...

The Dow industrials were down 216.72 points or 0.4%.
The Nasdaq composite was up 368.12 points or 1.5%.
The S&P 500 index was up 39.02 points or 0.5%.

Year to Date...

Dow Industrials
     2.5% down from the high of 50,512.79 on 02/10/2026.
     9.3% up from the low of 45,057.28 on 03/30/2026.
Nasdaq
     0.1% down from the high of 24,854.04 on 04/24/2026.
     20.0% up from the low of 20,690.25 on 03/30/2026.
S&P 500
     0.0% down from the high of 7,168.59 on 04/24/2026.
     13.4% up from the low of 6,316.91 on 03/30/2026.

Options Expiration

No options expire this week.

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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.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  48,929  49,080  49,237  49,387  49,544 
Weekly  48,326  48,778  49,314  49,766  50,301 
Monthly  43,254  46,242  48,046  51,034  52,837 
S&P500 (^GSPC): Daily  7,093  7,129  7,149  7,185  7,205 
Weekly  7,005  7,085  7,127  7,207  7,249 
Monthly  6,032  6,598  6,884  7,450  7,735 
Nasdaq (^IXIC): Daily  24,409  24,623  24,738  24,952  25,068 
Weekly  23,975  24,406  24,630  25,061  25,285 
Monthly  19,297  22,067  23,460  26,230  27,624 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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Earnings, Chart Patterns & Industries

Earnings season is either underway or should be starting soon. The sessions could be more volatile.

Here's a symbol list of 138 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ADBE, AMD, ALKS, AEO, AFG, AMAT, ATR, ARCB, ADM, ADSK, ADP, AVY, BALL, BSX, BRC, BFH, CACI, CAL, CPB, CENX, CXW, DHR, FANG, ^DJI, BOOM, EIX, EPAM, EG, EFOR, FAST, FIVN, FMC, FORM, FNV, FCX, FDP, GIS, GILD, GOOGL, GGG, HE, HTLD, HL, HP, HNI, HOV, HURC, IEX, INTC, IBKR, INTU, JAZZ, KBH, KELYA, KLAC, KLIC, LAMR, LDOS, LNC, LMT, LXU, MANH, MS, MLI, NTAP, NOC, NOVT, NTNX, OMCL, OTEX, ORCL, OXM, PAYX, PCG, PFG, PG, QCOM, RMBS, RTX, RGS, RNG, RLI, RCKY, RES, CRM, SEIC, SLGN, SCCO, LUV, SNPS, TEVA, TTD, TKR, TSCO, TG, UIS, UNH, VFC, VRTX, WRB, WU, WEX, WSC, WDAY, ITA, IHE, QTEC, FXI, AIQ, BOTZ, MXI, SOXX, ECH, EEM, EWG, EWM, EWW, EZA, EWT, THD, TUR, PPA, PBE, PJP, ROBO, XLY, UNG, SMH. 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.

This WeekLast Week
1. Telecom. Equipment1. Telecom. Equipment
2. Semiconductor Cap Equip.2. Semiconductor Cap Equip.
3. Semiconductor3. Oilfield Svcs/Equipment
4. Oilfield Svcs/Equipment4. Semiconductor
5. Trucking/Transp. Leasing5. Petroleum (Producing)
6. Petroleum (Producing)6. Machinery
7. Metals and Mining (Div.)7. Trucking/Transp. Leasing
8. Machinery8. Air Transport
9. Electronics9. Metals and Mining (Div.)
10. Air Transport10. Chemical (Diversified)
Best Performing AboveWorst Performing Below
50. Financial Services50. Information Services
51. Toiletries/Cosmetics51. Medical Services
52. Short ETFs52. Toiletries/Cosmetics
53. Furn/Home Furnishings53. Furn/Home Furnishings
54. E-Commerce54. E-Commerce
55. Information Services55. Short ETFs
56. Healthcare Information56. Human Resources
57. Human Resources57. Healthcare Information
58. Investment Co. (Domestic)58. IT Services
59. Computer Software and Svcs59. Investment Co. (Domestic)
60. IT Services60. Computer Software and Svcs

-- Thomas Bulkowski

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