Bulkowski's Blog: ThePatternSite.com
As of 03/27/2026
  Indus: 45,167 -793.47 -1.7%  
  Trans: 18,175 -194.01 -1.1%  
  Utils: 1,152 +3.84 +0.3%  
  Nasdaq: 20,948 -459.72 -2.1%  
  S&P 500: 6,369 -108.31 -1.7%  
YTD
-6.0%  
 +4.7%  
 +7.8%  
-9.9%  
-7.0%  
  Targets    Overview: 03/13/2026  
  Down arrow44,000 or 48,800 by 04/01/2026
  Down arrow17,100 or 19,100 by 04/01/2026
  Up arrow1,300 or 1,090 by 04/01/2026
  Down arrow20,000 or 22,400 by 04/15/2026
  Down arrow6,350 or 6,900 by 04/01/2026
As of 03/27/2026
  Indus: 45,167 -793.47 -1.7%  
  Trans: 18,175 -194.01 -1.1%  
  Utils: 1,152 +3.84 +0.3%  
  Nasdaq: 20,948 -459.72 -2.1%  
  S&P 500: 6,369 -108.31 -1.7%  
YTD
-6.0%  
 +4.7%  
 +7.8%  
-9.9%  
-7.0%  
  Targets    Overview: 03/13/2026  
  Down arrow44,000 or 48,800 by 04/01/2026
  Down arrow17,100 or 19,100 by 04/01/2026
  Up arrow1,300 or 1,090 by 04/01/2026
  Down arrow20,000 or 22,400 by 04/15/2026
  Down arrow6,350 or 6,900 by 04/01/2026

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Monday 3/30/26. Market Monday: The Week Ahead

My Prediction

Picture of the Dow industrials on the daily scale.

This is the Dow industrials on the weekly scale.

The horizontal red line is a potential support area, based on prior peaks.

Below that are two knots, which I show circled in green. Knots are potent support and resistance areas. If the index continues to drop, which is what I expect will happen, it might reverse when it reaches a knot. However, because Trump is driving the market, there's no telling what he'll crash into.

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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: Up 631 points.
Tuesday: Down 84.41 points.
Wednesday: Up 305.43 points.
Thursday: Down 469.38 points.
Friday: Down 793.47 points.

For the Week...

The Dow industrials were down 410.83 points or 0.9%.
The Nasdaq composite was down 699.25 points or 3.2%.
The S&P 500 index was down 137.63 points or 2.1%.

Year to Date...

Dow Industrials
     10.6% down from the high of 50,512.79 on 02/10/2026.
     0.2% up from the low of 45,063.33 on 03/27/2026.
Nasdaq
     12.7% down from the high of 23,988.27 on 01/28/2026.
     0.2% up from the low of 20,909.93 on 03/27/2026.
S&P 500
     9.0% down from the high of 7,002.28 on 01/28/2026.
     0.2% up from the low of 6,356.08 on 03/27/2026.

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  44,537  44,852  45,378  45,693  46,219 
Weekly  43,994  44,581  45,649  46,236  47,305 
Monthly  41,930  43,548  46,682  48,300  51,434 
S&P500 (^GSPC): Daily  6,295  6,332  6,393  6,430  6,491 
Weekly  6,163  6,266  6,459  6,562  6,754 
Monthly  5,963  6,166  6,559  6,762  7,156 
Nasdaq (^IXIC): Daily  20,667  20,808  21,051  21,191  21,434 
Weekly  20,070  20,509  21,349  21,788  22,629 
Monthly  19,416  20,182  21,676  22,442  23,936 

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 over.

Here's a symbol list of 156 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, AFL, ALGT, ALL, AFG, AIG, AMGN, AON, AAPL, AMAT, ARCB, ACGL, AGO, ATO, BIO, BIIB, BMRN, BA, BMY, BG, CACI, CALM, CAL, CENX, CHD, CI, CLNE, CLF, CNA, CAG, CSGP, CR, CRH, CTS, CMI, ^DJI, ECL, EIX, ELV, FDX, FIS, FISV, FMC, FTNT, FRD, GIS, GFS, GL, GOOGL, HIG, HON, HWM, ILMN, INCY, IIIN, IPI, IRM, JAZZ, LRCX, RAMP, L, M, MRTN, MTDR, META, MSFT, MUR, ^IXIC, NEU, NOC, NVDA, ON, ORCL, PANW, PTEN, PEN, PFE, PRU, PEG, PSTG, RLI, ROST, ^GSPC, SAIA, SLB, SMG, SEIC, SKYW, SR, SNPS, TFX, TTD, RIG, TRV, TREX, UIS, UNM, WAT, WPM, WSM, ITA, IAI, IYC, DDM, FTEC, FDN, QTEC, FXL, FXI, AIQ, BOTZ, QQQ, IYH, IHF, IGV, IXN, SOXX, EWO, EWK, EEM, EWG, EWH, EIS, EWJ, EWY, EWP, EWD, EWT, TUR, QLD, PPA, DBA, PBE, PHO, SSO, XLY, GLD, SPY, XAR, XLK, USO, SMH, 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 below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Oilfield Svcs/Equipment1. Oilfield Svcs/Equipment
2. Telecom. Equipment2. Telecom. Equipment
3. Petroleum (Producing)3. Semiconductor Cap Equip.
4. Semiconductor Cap Equip.4. Semiconductor
5. Semiconductor5. Petroleum (Producing)
6. Petroleum (Integrated)6. Petroleum (Integrated)
7. Natural Gas (Diversified)7. Natural Gas (Diversified)
8. Metals and Mining (Div.)8. Machinery
9. Machinery9. Air Transport
10. Biotechnology10. Metals and Mining (Div.)
Best Performing AboveWorst Performing Below
50. Building Materials50. Healthcare Information
51. Healthcare Information51. IT Services
52. Furn/Home Furnishings52. Internet
53. Toiletries/Cosmetics53. Furn/Home Furnishings
54. IT Services54. Homebuilding
55. Information Services55. Building Materials
56. Internet56. Information Services
57. Human Resources57. E-Commerce
58. E-Commerce58. Computer Software and Svcs
59. Investment Co. (Domestic)59. Investment Co. (Domestic)
60. Computer Software and Svcs60. Human Resources

-- Thomas Bulkowski

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Friday 3/27/26. Pattern Trading Setups for the Weekend.

Here's a symbol list of 111 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ACH, ACIW, ADTN, ALGT, AIG, APA, AMAT, ARCB, ACGL, ANET, AVA, BIO, CAL, CENX, CF, CINF, CLNE, CL, ED, CAG, CRH, CCRN, CTS, DVN, FANG, D, DTE, DUK, ECL, EOG, EPAM, EZPW, FFIV, FAST, FMC, FTNT, FRD, GNW, GFS, GOOGL, HP, IDA, ILMN, IIIN, IRM, KFRC, LRCX, LPLA, LXU, M, MGY, MRTN, MTDR, META, MLKN, MUR, ^IXIC, NEU, OGE, ORI, OMCL, OUT, PKE, RHI, ROG, ROST, SAIA, SLB, SCHW, SMG, SEIC, SKYW, SGI, SR, SNPS, RIG, WMT, WAT, WEX, IYK, IEZ, FTEC, FXL, AIQ, QQQ, IGV, IXN, IEO, EWA, EWM, EWY, TUR, QLD, PBE, PEJ, XLK, SMH, 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.

$ $ $

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, Adam and Adam      03/09/202603/13/2026Apparel
ALBRectangle bottom      03/03/202603/23/2026Chemical (Diversified)
ALKSDouble Bottom, Adam and Adam      03/12/202603/19/2026Drug
ALGTTriple bottom      03/09/202603/19/2026Air Transport
AEEDouble Top, Eve and Adam      03/02/202603/17/2026Electric Utility (Central)
AMNDouble Bottom, Eve and Adam      03/18/202603/25/2026Human Resources
ARCBPipe bottom      03/09/202603/16/2026Trucking/Transp. Leasing
AIZDiamond bottom      03/11/202603/26/2026Insurance (Diversified)
BIODouble Bottom, Eve and Adam      03/16/202603/24/2026Medical Supplies
CBTDouble Bottom, Adam and Adam      03/12/202603/19/2026Chemical (Diversified)
CLSPipe bottom      03/02/202603/09/2026Electronics
CHKPPipe top      03/02/202603/09/2026E-Commerce
CIENFlag, high and tight      01/23/202603/25/2026Telecom. Equipment
GLWDouble Bottom, Adam and Eve      03/09/202603/19/2026Telecom. Equipment
CRHDouble Bottom, Adam and Adam      03/12/202603/19/2026Cement and Aggregates
CTSDouble Bottom, Adam and Eve      03/09/202603/13/2026Electronics
^DJUDouble Top, Adam and Adam      02/27/202603/17/2026None
^DJTDouble Bottom, Adam and Adam      03/13/202603/19/2026None
DTEDouble Top, Eve and Eve      03/09/202603/17/2026Electric Utility (Central)
EVRGHead-and-shoulders top      02/17/202603/17/2026Electric Utility (Central)
EXPDTriangle, symmetrical      02/24/202603/26/2026Air Transport
FISDouble Top, Eve and Adam      03/06/202603/17/2026Computer Software and Svcs
FORMPipe bottom      03/02/202603/09/2026Semiconductor
GFSDouble Bottom, Adam and Adam      03/12/202603/19/2026Semiconductor
HTLDDouble Bottom, Adam and Eve      03/13/202603/19/2026Trucking/Transp. Leasing
HUMDouble Bottom, Adam and Adam      03/12/202603/20/2026Medical Services
IDATriple top      02/17/202603/17/2026Electric Utility (West)
KFRCBig W      02/25/202603/10/2026Human Resources
KLACPipe bottom      03/02/202603/09/2026Semiconductor Cap Equip.
LHXTriple top      03/02/202603/18/2026Aerospace/Defense
LNCDouble Bottom, Adam and Eve      03/03/202603/12/2026Insurance (Life)
MRTNPipe bottom      03/09/202603/16/2026Trucking/Transp. Leasing
METAHead-and-shoulders top      02/20/202603/10/2026E-Commerce
MGEEDouble Bottom, Adam and Adam      03/12/202603/19/2026Electric Utility (Central)
MLKNDead-cat bounce      03/26/202603/26/2026Furn/Home Furnishings
MSDouble Bottom, Adam and Adam      03/09/202603/12/2026Securities Brokerage
MOSDouble Top, Adam and Adam      02/11/202603/12/2026Chemical (Diversified)
NBRDouble Bottom, Eve and Eve      03/03/202603/12/2026Oilfield Svcs/Equipment
NJRDouble Top, Adam and Adam      03/04/202603/16/2026Natural Gas (Distributor)
NEEDouble Top, Adam and Adam      02/17/202602/25/2026Electric Utility (East)
NIDouble Top, Eve and Eve      03/04/202603/16/2026Electric Utility (Central)
NWPXDouble Bottom, Adam and Adam      03/12/202603/20/2026Building Materials
PNWDouble Top, Eve and Eve      03/04/202603/16/2026Electric Utility (West)
PLXSPipe bottom      03/02/202603/09/2026Electronics
PPLTriple top      03/02/202603/17/2026Electric Utility (East)
RTXDouble Top, Adam and Adam      03/03/202603/09/2026Aerospace/Defense
SLBPipe bottom      03/09/202603/16/2026Oilfield Svcs/Equipment
SMGPipe bottom      03/09/202603/23/2026Chemical (Basic)
SMTCHead-and-shoulders top      02/09/202603/16/2026Semiconductor Cap Equip.
SCIPipe top      02/23/202603/02/2026Industrial Services
SKYWDouble Bottom, Adam and Adam      03/09/202603/19/2026Air Transport
SXITriangle, symmetrical      01/30/202603/26/2026Diversified Co.
TRGPDouble Bottom, Adam and Adam      03/11/202603/18/2026Natural Gas (Diversified)
TMODouble Bottom, Adam and Adam      03/13/202603/19/2026Precision Instrument
TREXUgly double bottom      11/20/202512/08/2025Building Materials
VECOUgly double bottom      02/18/202603/09/2026Precision Instrument
VRTXTriple top      02/13/202603/10/2026Biotechnology
WERNDouble Bottom, Adam and Eve      03/13/202603/19/2026Trucking/Transp. Leasing
WDAYPipe top      03/02/202603/09/2026Computer Software and Svcs

 

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

The Nasdaq climbed by 0.8% or 167.94 points. Since 02/05/1971 the Nasdaq made 441 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 291 occasions.
     Average loss was -0.7% on 150 occasions.
Expect the Nasdaq to close higher 66.0% 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 89/185 or 48.1% 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.

I've labeled some of the chart patterns that appear on the 5-minute scale. Let's talk about the ascending triangle at A. Point A doesn't appear to close above the top red line, so it's not a breakout. Rather, the breakout in this pattern is downward.

So far, the drop hasn't been far enough to meet the target, but it's close. The target is the height of the triangle (tallest, at the start) subtracted from the breakout price.

The target is just a number. It's a way of calculating the probability of the index reaching the target. In other words, the target is not a magnet sucking price to it.

$ $ $

Here's a symbol list of 135 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACN, ADBE, AMD, AES, AFL, APD, ALB, ALGT, AMZN, DOX, AEE, AFG, AIG, ARCB, ARW, ASH, AVA, AZTA, BCPC, BALL, BSET, BAX, BIO, BMRN, BAH, BSX, CACI, CAL, CE, CX, CNC, CENX, CHKP, CHD, CLF, CL, CMTL, CAG, CSGP, CRH, CTS, CMI, DHR, D, DTE, EFX, EVRG, EZPW, FAST, FMC, FTNT, FCX, FRD, GFS, GOOGL, THG, HLIT, HIG, IDA, ILMN, PODD, ITGR, JKHY, LAMR, LLY, LNC, RAMP, LMT, M, MRTN, MTRX, MRK, MRCY, MGEE, MLKN, MLI, NOV, NEU, ORI, OLN, ON, OUT, PKE, PAYX, PFG, PG, KWR, RGA, RLI, RCKY, SAIA, SLB, SCHW, SMG, SEIC, SCI, NOW, SKYW, SGI, SR, SSYS, SNPS, TPR, TDOC, TEVA, RIG, UIS, VMI, WAT, WU, WEX, WWD, IYK, IEZ, IDU, SOXX, EWZ, EWP, EWT, XLU, 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 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  20,560.50    
 Weekly S2  20,960.53  400.03   
 Monthly S1  21,245.17  284.64   
 Weekly S1  21,445.18  200.01   
 Daily S2  21,735.10  289.92   
 Daily S1  21,832.47  97.36   
 Low  21,865.46  32.99   
 Close  21,929.83  64.37   
 61.8% Down from Intraday High  21,952.45  22.62   Yes! The 61.8% Down from Intraday High is close to the Close.
 Daily Pivot  21,962.82  10.38   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  21,979.32  16.50   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  22,006.19  26.87   
 Open  22,006.43  0.24   Yes! The Open is close to the 38.2% Down from Intraday High.
 Weekly Pivot  22,007.41  0.98   Yes! The Weekly Pivot is close to the Open.
 Daily R1  22,060.19  52.78   
 High  22,093.18  32.99   
 Daily R2  22,190.54  97.36   
 Monthly Pivot  22,207.42  16.88   Yes! The Monthly Pivot is close to the Daily R2.
 Weekly R1  22,492.06  284.64   
 Monthly R1  22,892.09  400.03   
 Weekly R2  23,054.29  162.20   
 Monthly R2  23,854.34  800.05   

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