Bulkowski's Blog: ThePatternSite.com
As of 03/18/2026
  Indus: 46,225 -768.11 -1.6%  
  Trans: 17,859 -192.29 -1.1%  
  Utils: 1,175 -9.24 -0.8%  
  Nasdaq: 22,152 -327.11 -1.5%  
  S&P 500: 6,625 -91.39 -1.4%  
YTD
-3.8%  
 +2.9%  
 +10.0%  
-4.7%  
-3.2%  
  Targets    Overview: 03/13/2026  
  Down arrow45,500 or 48,800 by 04/01/2026
  Down arrow17,100 or 19,100 by 04/01/2026
  Up arrow1,300 or 1,140 by 04/01/2026
  Down arrow21,200 or 23,700 by 04/01/2026
  Down arrow6,500 or 6,900 by 04/01/2026
As of 03/18/2026
  Indus: 46,225 -768.11 -1.6%  
  Trans: 17,859 -192.29 -1.1%  
  Utils: 1,175 -9.24 -0.8%  
  Nasdaq: 22,152 -327.11 -1.5%  
  S&P 500: 6,625 -91.39 -1.4%  
YTD
-3.8%  
 +2.9%  
 +10.0%  
-4.7%  
-3.2%  
  Targets    Overview: 03/13/2026  
  Down arrow45,500 or 48,800 by 04/01/2026
  Down arrow17,100 or 19,100 by 04/01/2026
  Up arrow1,300 or 1,140 by 04/01/2026
  Down arrow21,200 or 23,700 by 04/01/2026
  Down arrow6,500 or 6,900 by 04/01/2026

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

The Nasdaq dropped by -1.5% or -327.11 points. Since 02/05/1971 the Nasdaq made 126 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.2% on 62 occasions.
     Average loss was -1.2% on 64 occasions.
Expect the Nasdaq to close lower 50.8% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 304/559 or 54.4% of the time.
     The prediction of the Nasdaq closing lower has been right 88/184 or 47.8% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

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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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  21,253.02    
 Weekly S2  21,528.95  275.93   
 Monthly S1  21,702.72  173.77   
 Weekly S1  21,840.69  137.97   
 Daily S2  21,935.98  95.29   
 Daily S1  22,044.20  108.22   
 Low  22,144.76  100.56   
 Close  22,152.42  7.66   Yes! The Close is close to the Low.
 Daily Pivot  22,252.98  100.56   
 61.8% Down from Intraday High  22,265.85  12.87   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 50% Down from Intraday High  22,303.26  37.41   
 38.2% Down from Intraday High  22,340.67  37.41   
 Daily R1  22,361.20  20.53   Yes! The Daily R1 is close to the 38.2% Down from Intraday High.
 Weekly Pivot  22,373.70  12.50   Yes! The Weekly Pivot is close to the Daily R1.
 Open  22,421.96  48.26   
 High  22,461.76  39.80   
 Monthly Pivot  22,511.67  49.91   
 Daily R2  22,569.98  58.31   
 Weekly R1  22,685.44  115.46   
 Monthly R1  22,961.37  275.93   
 Weekly R2  23,218.45  257.08   
 Monthly R2  23,770.32  551.87   

Wednesday 3/18/26. 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 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

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Tuesday 3/17/26. Slider Trading Quiz!

The Dow climbed by 0.8% or 387.94 points. Since 10/01/1928 the Dow made 623 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 343 occasions.
     Average loss was -0.6% on 280 occasions.
Expect the Dow to close higher 55.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 329/602 or 54.7% 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 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

Top

© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  43,966.45    
 Monthly S1  45,456.43  1,489.98   
 Weekly S2  45,494.62  38.19   Yes! The Weekly S2 is close to the Monthly S1.
 Weekly S1  46,220.51  725.89   
 Daily S2  46,474.58  254.07   
 Low  46,707.40  232.82   
 Open  46,707.40  0.00   Yes! The Open is close to the Low.
 Daily S1  46,710.49  3.09   Yes! The Daily S1 is close to the Open.
 61.8% Down from Intraday High  46,886.46  175.96   
 50% Down from Intraday High  46,941.77  55.31   
 Daily Pivot  46,943.32  1.55   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  46,946.41  3.09   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  46,997.08  50.67   
 High  47,176.14  179.06   
 Daily R1  47,179.23  3.09   Yes! The Daily R1 is close to the High.
 Weekly Pivot  47,220.53  41.29   Yes! The Weekly Pivot is close to the Daily R1.
 Daily R2  47,412.06  191.53   
 Weekly R1  47,946.42  534.36   
 Monthly Pivot  47,984.61  38.19   Yes! The Monthly Pivot is close to the Weekly R1.
 Weekly R2  48,946.44  961.83   
 Monthly R1  49,474.59  528.15   
 Monthly R2  52,002.77  2,528.18   

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