Bulkowski's Blog: ThePatternSite.com
As of 03/11/2026
  Indus: 47,417 -289.24 -0.6%  
  Trans: 18,256 -130.75 -0.7%  
  Utils: 1,159 -4.03 -0.3%  
  Nasdaq: 22,716 +19.03 +0.1%  
  S&P 500: 6,776 -5.68 -0.1%  
YTD
-1.3%  
 +5.2%  
 +8.5%  
-2.3%  
-1.0%  
  Targets    Overview: 02/27/2026  
  Up arrow49,800 or 46,500 by 03/15/2026
  Up arrow20,200 or 18,150 by 03/15/2026
  Up arrow1,300 or 1,160 by 03/15/2026
  Up arrow24,750 or 21,800 by 03/15/2026
  Up arrow7,250 or 6,600 by 03/15/2026
As of 03/11/2026
  Indus: 47,417 -289.24 -0.6%  
  Trans: 18,256 -130.75 -0.7%  
  Utils: 1,159 -4.03 -0.3%  
  Nasdaq: 22,716 +19.03 +0.1%  
  S&P 500: 6,776 -5.68 -0.1%  
YTD
-1.3%  
 +5.2%  
 +8.5%  
-2.3%  
-1.0%  
  Targets    Overview: 02/27/2026  
  Up arrow49,800 or 46,500 by 03/15/2026
  Up arrow20,200 or 18,150 by 03/15/2026
  Up arrow1,300 or 1,160 by 03/15/2026
  Up arrow24,750 or 21,800 by 03/15/2026
  Up arrow7,250 or 6,600 by 03/15/2026

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Older Headlines

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Thursday 3/12/26. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 0.1% or 19.03 points. Since 02/05/1971 the Nasdaq made 767 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 424 occasions.
     Average loss was -0.7% on 343 occasions.
Expect the Nasdaq to close higher 55.3% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 304/558 or 54.5% 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.

A chart pattern called a head-and-shoulders bottom appears as LS (left shoulder), head, and RS (right shoulder). At point A, the pattern confirms as valid when the index closes above the red neckline. The resulting rise was mouth-watering, to B.

BC is another chart pattern called a double top. It confirms when the index closes below the blue line, D. In this case, so far, the index hasn't dropped far. We'll have to wait and see if it drops more.

$ $ $

Here's a symbol list of 107 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACIW, AA, AMZN, AXP, AMGN, APA, ANET, ASH, AGO, AVY, AVNT, BKH, BFH, CBT, CACI, CAL, CPB, CENX, CHD, CNO, ED, CAG, CXW, GLW, DECK, XRAY, ECL, EQT, XOM, FFIV, FISV, FMC, FNV, FDP, GAP, GIS, GFS, GFF, HIG, HSY, HUM, HUN, IEX, IBP, IPI, KELYA, KEYS, RAMP, M, MANH, MAN, MGEE, MOS, MUR, NFG, NWPX, OXY, OGE, ORI, ON, OTEX, ORCL, OR, OXM, PANW, PYPL, PETS, QTWO, QCOM, ROL, RGLD, RES, SAIA, SCHW, SMTC, SCI, SLGN, SO, SCCO, SR, TRGP, TXT, TSCO, TG, VMI, WMT, WU, WEX, WPM, WMB, XEL, ZBRA, IYE, IEO, PBE, PHO, 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.

$ $ $

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

Top

© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  21,277.35    
 Weekly S2  21,810.50  533.15   
 Monthly S1  21,996.74  186.24   
 Weekly S1  22,263.31  266.57   
 Daily S2  22,456.68  193.36   
 Weekly Pivot  22,577.60  120.92   
 Daily S1  22,586.40  8.81   Yes! The Daily S1 is close to the Weekly Pivot.
 Low  22,602.33  15.93   Yes! The Low is close to the Daily S1.
 61.8% Down from Intraday High  22,707.53  105.20   
 Close  22,716.13  8.61   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot  22,732.06  15.93   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  22,740.02  7.96   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 Open  22,771.27  31.25   
 38.2% Down from Intraday High  22,772.52  1.25   Yes! The 38.2% Down from Intraday High is close to the Open.
 Monthly Pivot  22,844.17  71.65   
 Daily R1  22,861.78  17.61   Yes! The Daily R1 is close to the Monthly Pivot.
 High  22,877.71  15.93   Yes! The High is close to the Daily R1.
 Daily R2  23,007.44  129.73   
 Weekly R1  23,030.41  22.98   Yes! The Weekly R1 is close to the Daily R2.
 Weekly R2  23,344.70  314.28   
 Monthly R1  23,563.56  218.86   
 Monthly R2  24,410.99  847.43   

Wednesday 3/11/26. 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.

Despite being thrown around by events in the middle east and the price of oil, the CPI remains bearish with a reading of 16.7 on a scale of 0 to 100.

That's clear on the chart with the vertical red bar on the far right of the chart.

The inset shows the downward trend of the CPI from the peak in February. What I've noticed about the CPI is that once it is at or near 0, it tends to bounce off it. However, the index may not respond by climbing in concert with a rising CPI.

My guess is the CPI will continue to be depressed (bearish). Once the war ends, then look for the indices to spike upward. Consider this (now and in the coming days) as a buying opportunity.

$ $ $

Here's a symbol list of 101 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AEIS, AA, ALGT, AME, APH, AON, AAPL, AMAT, ANET, AVY, BIIB, BCO, CACI, CDNS, CLS, CF, CIEN, CI, CSCO, GLW, CCRN, CMI, XRAY, EMN, EBAY, EME, FNV, GIS, GFF, THG, HP, HSIC, HSY, HON, HUM, HURC, ILMN, IRM, KELYA, KEYS, KLAC, LRCX, RAMP, LPLA, MANH, MAN, MU, ^IXIC, NFG, NTGR, NTAP, NWPX, NOVT, NVDA, ORI, ON, OTEX, ORCL, OR, PG, QTWO, RMBS, ROK, ROL, RGLD, SCHW, SEE, SMTC, SCI, SO, SCCO, SR, SSYS, TDOC, TER, TEVA, TWLO, VECO, VRTX, WU, WEX, WPM, WWD, XEL, IYM, QQQ, IHF, IGV, SOXX, SLV, THD, GLD, 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.

-- Thomas Bulkowski

Top


Tuesday 3/10/26. Slider Trading Quiz!

The Dow climbed by 0.5% or 239.25 points. Since 10/01/1928 the Dow made 987 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 533 occasions.
     Average loss was -0.7% on 454 occasions.
Expect the Dow to close higher 54.0% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 329/601 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 Perficient: PRFT (actual trade).

$ $ $

Here's a symbol list of 122 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AMD, AKAM, AIG, AMWD, APH, AON, APOG, ANET, ASH, AIZ, ADSK, AVY, AVNT, BMI, BMRN, BKNG, BOOT, BCO, BMY, CBT, CAL, CF, CNX, COST, COTY, CCRN, DVN, EBAY, EVH, EXPI, EXPD, FIS, FLEX, FNV, GAP, GFS, GGG, GFF, THG, HTLD, HL, INTC, IBKR, KELYA, KMT, KLAC, LHX, LZB, LLY, META, MU, MSFT, MLKN, MLI, NFG, NKE, ORI, OLN, ON, OR, PCTY, PETS, PFG, PRU, RL, RGS, ROK, RGLD, SLB, SEE, SHOP, SLGN, SO, SR, TG, TREX, UHAL, UPS, WU, WLK, WSC, XEL, ZBRA, IEZ, FTEC, IAT, IYZ, IXN, ILF, EWO, EEM, EWM, EWW, EPP, EWD, THD, TUR, DBA, PBE, ROBO, XLB, XLK, UNG, USO, MGK. 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  44,917.09    
 Weekly S2  45,882.50  965.41   
 Daily S2  46,150.25  267.75   
 Monthly S1  46,328.95  178.69   
 Low  46,615.52  286.57   
 Weekly S1  46,811.65  196.13   
 Daily S1  46,945.53  133.88   
 61.8% Down from Intraday High  47,097.05  151.52   
 50% Down from Intraday High  47,245.79  148.74   
 Open  47,371.28  125.49   Yes! The Open is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  47,394.54  23.25   Yes! The 38.2% Down from Intraday High is close to the Open.
 Daily Pivot  47,410.79  16.26   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  47,740.80  330.01   
 High  47,876.06  135.26   
 Weekly Pivot  47,938.16  62.10   Yes! The Weekly Pivot is close to the High.
 Daily R1  48,206.07  267.91   
 Monthly Pivot  48,420.87  214.80   
 Daily R2  48,671.33  250.46   
 Weekly R1  48,867.31  195.98   
 Monthly R1  49,832.72  965.41   
 Weekly R2  49,993.82  161.10   
 Monthly R2  51,924.65  1,930.83   

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