Bulkowski's Blog: ThePatternSite.com
As of 04/07/2026
  Indus: 46,584 -85.42 -0.2%  
  Trans: 19,538 +242.40 +1.3%  
  Utils: 1,171 +2.14 +0.2%  
  Nasdaq: 22,018 +21.51 +0.1%  
  S&P 500: 6,617 +5.02 +0.1%  
YTD
-3.1%  
 +12.6%  
 +9.6%  
-5.3%  
-3.3%  
  Targets    Overview: 03/30/2026  
  Down arrow44,000 or 47,000 by 04/15/2026
  Down arrow17,100 or 19,100 by 04/15/2026
  Up arrow1,200 or 1,120 by 04/15/2026
  Down arrow20,000 or 22,400 by 04/15/2026
  Down arrow6,200 or 6,675 by 04/15/2026
As of 04/07/2026
  Indus: 46,584 -85.42 -0.2%  
  Trans: 19,538 +242.40 +1.3%  
  Utils: 1,171 +2.14 +0.2%  
  Nasdaq: 22,018 +21.51 +0.1%  
  S&P 500: 6,617 +5.02 +0.1%  
YTD
-3.1%  
 +12.6%  
 +9.6%  
-5.3%  
-3.3%  
  Targets    Overview: 03/30/2026  
  Down arrow44,000 or 47,000 by 04/15/2026
  Down arrow17,100 or 19,100 by 04/15/2026
  Up arrow1,200 or 1,120 by 04/15/2026
  Down arrow20,000 or 22,400 by 04/15/2026
  Down arrow6,200 or 6,675 by 04/15/2026

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Picture of 'Invest for two-comma wealth, second edition' book.

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Archives


Wednesday 4/8/26. 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.

I show when Trump started the war with Iran. Notice that the markets were slumping for about a month before it started. However, once the bombs started dropping (a week before, really), the CPI turned bearish. It might be finding some footing here, but I have my doubts.

I am reminded of the movie, "The Money Pit" where Tom Hanks is told that to fix his house, it'll take two weeks (it took many months). That was a joke but whenever he asked the contractor for a completion estimate, the answer was always two weeks. Reminds me of what Trump says.

Today, the CPI is bullish (at 66.7) but just barely above a neutral reading of 65. I expect this to transition to bearish as more war news arrives. Circled in the inset is the latest downturn. Again, I expect that downtrend to continue.

$ $ $

Here's a symbol list of 140 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACH, AYI, ADTN, AEIS, AES, DOX, AEE, AEO, AMN, ANIK, ANET, AVY, BCPC, CNC, CNP, CENX, CVX, CLNE, CNX, CAG, COP, GLW, COST, DHR, DECK, DVN, FANG, D, EMN, ELV, EOG, EXC, EXPD, XOM, EZPW, FICO, FISV, FORM, FTNT, GME, GOOGL, HELE, HOV, HUM, IDA, IBP, ITGR, IPI, JAZZ, KEYS, LH, LPLA, LXU, MGY, MANH, MKTX, META, MSFT, MOS, MUR, NBR, NOV, NTAP, NI, NTNX, OXY, OXM, PANW, PKE, PTEN, PLXS, POR, PPG, PPL, PEG, QTWO, DGX, RRC, RES, SAIA, SLB, SAIC, SEE, SEIC, SRE, SMTC, SHOP, SO, SR, TGT, TDY, RIG, TWLO, UIS, UNH, VLO, VRSN, VC, WSO, WSC, IYK, IYE, IEZ, IHE, IDU, FDN, QTEC, AIQ, BOTZ, QQQ, IHF, IYZ, IXC, IXN, IGE, IEO, EIS, EWY, QLD, SSO, XLK, USO, 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.

-- Thomas Bulkowski

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Tuesday 4/7/26. Slider Trading Quiz!

The Dow climbed by 0.4% or 165.21 points. Since 10/01/1928 the Dow made 1162 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 617 occasions.
     Average loss was -0.6% on 545 occasions.
Expect the Dow to close higher 53.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 331/605 or 54.7% of the time.
     The prediction of the Dow closing lower has been right 63/129 or 48.8% of the time.

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I show another slider trading quiz featuring Noven Pharmaceutical: NOVN (actual trade).

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Here's a symbol list of 74 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACH, AES, AEE, AEP, AIG, AMWD, AAPL, ADP, AVNT, BMI, BCPC, BKNG, BOOT, BFH, CPB, CNP, CIEN, CSCO, CXW, CR, DECK, DSGR, ECL, EIX, EL, EXC, FFIV, FISV, GNW, GFF, HLIT, HSY, HOLX, HWM, HUN, IDA, ILMN, IPI, KALU, LRCX, MHO, NFLX, NTGR, NEU, NI, NUS, ORI, OLN, ON, OXM, PKE, PETS, PPL, RNG, ROP, CRM, SEE, SCI, SO, SR, TEVA, MZTI, TJX, UHAL, WMB, IYM, ILF, IGE, TUR, PEJ, 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.

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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

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  42,923.22    
 Weekly S2  44,430.76  1,507.54   
 Monthly S1  44,796.55  365.79   
 Weekly S1  45,550.32  753.77   
 Weekly Pivot  46,176.84  626.52   
 Daily S2  46,229.16  52.32   
 Low  46,354.95  125.79   
 Daily S1  46,449.52  94.57   
 Open  46,472.20  22.68   Yes! The Open is close to the Daily S1.
 61.8% Down from Intraday High  46,487.18  14.98   Yes! The 61.8% Down from Intraday High is close to the Open.
 50% Down from Intraday High  46,528.02  40.84   
 38.2% Down from Intraday High  46,568.87  40.85   
 Daily Pivot  46,575.31  6.44   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  46,669.88  94.57   
 High  46,701.10  31.22   Yes! The High is close to the Close.
 Daily R1  46,795.67  94.57   
 Daily R2  46,921.46  125.79   
 Monthly Pivot  46,930.61  9.15   Yes! The Monthly Pivot is close to the Daily R2.
 Weekly R1  47,296.40  365.79   
 Weekly R2  47,922.92  626.52   
 Monthly R1  48,803.94  881.02   
 Monthly R2  50,938.00  2,134.06   

Monday 4/6/26. Pattern Trading Setups for the Weekend.

Here's a symbol list of 113 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACH, ACIW, ADBE, ADTN, AES, AFL, APD, AKAM, ALRM, AEE, AEP, AMN, ANIK, ANET, AIZ, AVNT, AZTA, BMI, BCPC, BIO, BKH, BOOT, BRKR, BBW, BG, CALM, CPB, CLS, CRL, CTAS, CNA, ED, CXW, COTY, ^DJU, DOV, EPAM, EG, EXC, FMC, FTNT, FDP, GME, GNW, HLIT, HQY, HSIC, HUN, IDA, INCY, IPI, IRM, KALU, LRCX, LAMR, RAMP, LXU, MRTN, NFG, NOV, NFLX, NKE, NI, NTNX, NVDA, ORI, ASGN, OXM, PKG, PANW, PYPL, POR, PG, ROG, RES, CRM, SEIC, SO, SR, TRV, TZOO, UHAL, UGI, UNH, WRB, WAT, WERN, WEX, WDAY, IYM, FDN, IYZ, IYF, PEJ, PXJ, XLP, UNG, USO, 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.

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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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ANFDouble Bottom, Eve and Adam      03/24/202603/30/2026Apparel
AMDRectangle bottom      02/04/202604/02/2026Semiconductor
AADouble Bottom, Adam and Eve      03/09/202603/24/2026Aerospace/Defense
AFGHead-and-shoulders bottom      03/12/202603/27/2026Insurance (Prop/Casualty)
AVAHead-and-shoulders bottom      03/11/202604/01/2026Electric Utility (West)
BCPCPipe bottom      03/16/202603/23/2026Chemical (Specialty)
BKHDouble Bottom, Eve and Adam      03/20/202603/31/2026Electric Utility (West)
CPBPipe bottom      03/16/202603/23/2026Food Processing
CNADouble Bottom, Adam and Adam      03/20/202603/27/2026Insurance (Prop/Casualty)
CNOTriangle, symmetrical      03/10/202603/30/2026Insurance (Diversified)
CNXHead-and-shoulders top      03/02/202603/17/2026Natural Gas (Diversified)
COSTDouble Bottom, Adam and Eve      03/06/202603/24/2026Retail Store
XRAYTriangle, symmetrical      03/17/202604/02/2026Medical Supplies
BOOMDouble Bottom, Eve and Eve      03/13/202603/20/2026Metal Fabricating
EZPWDouble Bottom, Adam and Eve      03/06/202603/31/2026Financial Services
FMCTriple bottom      02/23/202603/20/2026Chemical (Basic)
GLDouble Bottom, Adam and Eve      03/20/202603/27/2026Insurance (Life)
THGDouble Bottom, Adam and Adam      03/19/202603/27/2026Insurance (Prop/Casualty)
HEHead-and-shoulders bottom      03/09/202604/01/2026Electric Utility (West)
HUMTriple bottom      03/12/202603/30/2026Medical Services
HURCTriangle, descending      03/12/202604/02/2026Machinery
INTUDouble Top, Eve and Eve      03/06/202603/17/2026Computer Software and Svcs
KALUPipe bottom      03/16/202603/23/2026Metals and Mining (Div.)
LHHead-and-shoulders complex bottom      03/12/202603/31/2026Medical Services
MTRNHead-and-shoulders bottom      03/13/202603/30/2026Metals and Mining (Div.)
MRKDouble Bottom, Eve and Eve      03/06/202603/20/2026Drug
NEUPipe bottom      03/09/202603/16/2026Chemical (Specialty)
NOCDouble Bottom, Adam and Adam      03/24/202603/30/2026Aerospace/Defense
NUSTriangle, descending      03/09/202603/31/2026Toiletries/Cosmetics
OXMPipe bottom      03/16/202603/23/2026Apparel
PKETriangle, descending      02/27/202604/02/2026Chemical (Specialty)
PAYXDiamond bottom      03/18/202603/31/2026IT Services
PCTYPipe top      03/02/202603/09/2026E-Commerce
PFEHead-and-shoulders bottom      02/20/202603/24/2026Drug
PCGDouble Bottom, Adam and Adam      03/23/202603/27/2026Electric Utility (West)
PFGHead-and-shoulders bottom      03/13/202603/27/2026Insurance (Diversified)
PGRHead-and-shoulders complex top      02/05/202603/24/2026Insurance (Prop/Casualty)
PRUTriple bottom      03/13/202603/27/2026Insurance (Life)
RHIDouble Bottom, Adam and Eve      02/25/202603/16/2026Human Resources
ROKDouble Bottom, Eve and Eve      03/17/202603/30/2026Diversified Co.
SAIADouble Bottom, Adam and Adam      03/13/202603/19/2026Trucking/Transp. Leasing
SIGIDouble Bottom, Adam and Adam      03/20/202603/25/2026Insurance (Prop/Casualty)
SREDouble Bottom, Adam and Adam      03/09/202603/20/2026Electric Utility (West)
SMTCDouble Bottom, Eve and Eve      03/19/202603/30/2026Semiconductor Cap Equip.
SNPSHead-and-shoulders top      02/10/202603/05/2026Computer Software and Svcs
TPRFalling wedge      03/09/202604/02/2026Apparel
TEVABroadening top, right-angled and ascending      03/13/202604/02/2026Drug
UHALPipe bottom      03/16/202603/23/2026Trucking/Transp. Leasing
VMCDouble Bottom, Adam and Adam      03/12/202603/19/2026Cement and Aggregates

 

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