As of 04/10/2026   Indus: 47,917 -269.23 -0.6%     Trans: 20,339 -116.79 -0.6%     Utils: 1,183 -7.39 -0.6%     Nasdaq: 22,903 +80.47 +0.4%     S&P 500: 6,817 -7.77 -0.1%	YTD -0.3%    +17.2%    +10.7%   -1.5%   -0.4%	Targets    Overview: 03/30/2026     44,000 or 47,000 by 04/15/2026   17,100 or 19,100 by 04/15/2026   1,200 or 1,120 by 04/15/2026   20,000 or 22,400 by 04/15/2026   6,200 or 6,675 by 04/15/2026
Chart Pattern Indicator: on 4/10/26

As of 04/10/2026   Indus: 47,917 -269.23 -0.6%     Trans: 20,339 -116.79 -0.6%     Utils: 1,183 -7.39 -0.6%     Nasdaq: 22,903 +80.47 +0.4%     S&P 500: 6,817 -7.77 -0.1%	YTD -0.3%    +17.2%    +10.7%   -1.5%   -0.4%
Targets    Overview: 03/30/2026     44,000 or 47,000 by 04/15/2026   17,100 or 19,100 by 04/15/2026   1,200 or 1,120 by 04/15/2026   20,000 or 22,400 by 04/15/2026   6,200 or 6,675 by 04/15/2026
Chart Pattern Indicator: on 4/10/26

Recent Headlines Monday 4/13/26. Market Monday: The Week Ahead Friday 4/10/26. Pattern Trading Setups for the Weekend. Thursday 4/9/26. Intraday Market Direction: Nasdaq Wednesday 4/8/26. A Look at the Chart Pattern Indicator (CPI) Tuesday 4/7/26. Slider Trading Quiz! Noven Pharmaceutical: NOVN (actual trade)
Older Headlines Monday 4/6/26 Pattern Trading Setups. Friday 4/3/26. Market Holiday Supplement Thursday 4/2/26. Intraday Market Direction: Nasdaq Wednesday 4/1/26. 2026 Market Forecast Update Tuesday 3/31/26. Slider Trading Quiz! Northwest Pipe: NWPX (1-2-3 trend change, 2B)	Archives April Archive March Archive February Archive January Archive All Archives

Monday 4/13/26. Market Monday: The Week Ahead

• My Prediction
• A Brief Look Back
• Options Expiration
• Swing Traders: Pivot Points
• Earnings, Chart Patterns & Industries

My Prediction

The dominant pattern on the chart is the AB top. It's a double top. It confirms as a valid chart pattern when the index closes below the low set between the two peaks. I show that price level as red line C.

At D, we see a gap but what type is it? The answer is important because if we're correct, we can use the information to trade better.

If it's a continuation gap then we can expect the uptrend to continue (the gap should appear about midway in the uptrend, but that varies). There is evidence to support a continuation with price moving higher over the last two days.

My view is it's an exhaustion gap. Exhaustion gaps can be usually tall (not always), which this one is. When they occur, price often moves in the direction opposite the gap. In this case, that means price should drop fast and perhaps far.

The gap at E is an exhaustion. Notice how prices reverse direction and soars.

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.

For the Week...

Year to Date...

Options Expiration

Many options expire this week, so traders will be looking to close out their positions, and that suggests increased volatility (large daily price swings).

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.

• Seekinger doesn't look at the range of S2 to R2 as support and resistance levels. Rather, he considers them oversold (S) and overbought (R) areas.
• S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.
• If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.
• In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.
• A move outside of daily R1 or S1 usually does not mean a breakout.
• The odds suggest that the entire week's price action will remain between weekly R2 and S2.
• Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).
• Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.
• Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season will be starting in about 3 days.

Here's a symbol list of 180 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, ACIW, ADBE, ADTN, AMD, AFL, AA, AMZN, AEO, AME, AMGN, APH, AON, AMAT, AGO, ADSK, AVY, AXS, BAX, BBY, BAH, BCO, BMY, BRKR, BBW, CALM, CAL, CLS, CNC, CVX, CLF, CGNX, CTSH, CMCO, CMTL, CSGP, DHR, DECK, XRAY, DVN, DDS, D, ELV, EG, EXPI, EZPW, FIVN, FTNT, FTV, FCX, FRD, GD, GILD, GOOGL, THG, HELE, HUM, INTC, IBKR, INTU, JAZZ, JNJ, KSS, LRCX, LDOS, LLY, LPLA, LXU, M, MANH, MKTX, MDT, META, NBR, ^IXIC, NFLX, NWL, NTNX, NVDA, OLN, ASGN, PANW, PAYX, PFE, PG, KWR, DGX, RMBS, RRC, REGN, RHI, ROP, R, CRM, SBH, SMTC, SHW, SCCO, LUV, SPSC, SXI, TGT, TDOC, TDY, TFX, TDC, TTD, TWLO, UNH, VECO, VEEV, V, VC, WRB, WSO, WSM, WSC, WWD, WDAY, ITA, IYE, IHE, FDN, QTEC, AIQ, BOTZ, ICF, IYH, IHF, IAT, IYZ, MXI, IXN, ILF, SOXX, IEO, IHI, EWA, EWO, EWK, EWZ, EWC, EIS, EWM, EWL, EWT, THD, TUR, QLD, IBB, PJP, PHO, SSO, ROBO, XLV, XLK, SMH, VHT, VAW, 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 below industries were the best (rank 1) or worst performing of those I follow.

-- Thomas Bulkowski

Friday 4/10/26. Pattern Trading Setups for the Weekend.

Here's a symbol list of 132 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ACN, ADBE, AA, AEO, AXP, BKH, BA, BAH, BFH, BLDR, CAL, CNC, CHKP, CVX, CLX, CMTL, GLW, CSGP, COST, CR, DHR, DECK, DVN, EMN, EL, EG, EZPW, FFIV, FICO, FIVN, FMC, FWRD, FRD, GME, GAP, GE, GOOGL, GFF, HQY, HELE, INTU, JNJ, KALU, KELYA, KMT, KFRC, LEG, LOW, LPLA, LXU, M, MANH, MKTX, META, MS, MUR, MYGN, NBR, NWL, NOVT, NUS, NTNX, ASGN, OTEX, ORCL, PANW, PAYX, PCTY, POR, QTWO, RRC, RTX, RNG, RCKY, CRM, SBH, SPSC, TDY, TDC, TXN, MZTI, TOL, TG, TWLO, UGI, UNH, VRSN, WSO, WU, WSC, WDAY, IYC, IYE, FDN, QTEC, AIQ, QQQ, IHF, IXN, ILF, SOXX, IEO, EWK, ECH, EIS, EWI, EPP, EWT, QLD, SSO, XLY, XRT, SPY, XLK, XLU, UNG, 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.

$ $ $

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

Thursday 4/9/26. Intraday Market Direction: Nasdaq

$ $ $

I show a picture of the Nasdaq composite on the 5-minute scale.

There's not a lot to say about this chart. The two sets of parallel red lines are rectangle top chart patterns. A holiday shows no trading and it connects the two rectangles.

A head-and-shoulders bottom shows on the chart as LS (left shoulder), H (head), and RS (right shoulder). A blue neckline connects the armpits and it serves as confirmation when the index closes above it. Once confirmed, it means the pattern is valid and price will rise, which it does.

A double bottom appears at A and its inverse, a double top appears at B. Both confirm as valid chart patterns, with B saying price will fall and A saying it will rise.

The double bottom suggests more of an up move is coming. I agree until the Iran ceasefire ends and chaos resumes.

$ $ $

Here's a symbol list of 354 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ABM, ACIW, AYI, ADTN, AEIS, AMD, AES, A, APD, ALRM, ALK, ALKS, AMZN, AEE, AEO, AXP, AME, AMGN, APH, AR, AON, APOG, AAPL, ARCB, ACGL, ANET, ARW, ASH, AGO, AVY, BCPC, BALL, BSET, BZH, BIO, BA, BKNG, BAH, BFH, BCO, BRKR, CBT, CLS, CX, CNC, CNP, CRL, CHKP, CVX, CHD, CIEN, CTAS, CSCO, CLF, CNO, CNX, CMCO, COP, GLW, CSGP, COST, COTY, CRH, CROX, CCRN, CTS, CMI, CW, DHR, DECK, DVN, FANG, DDS, DSGR, ^DJT, ^DJI, EMN, ECL, EME, EMR, EOG, XOM, EZPW, FFIV, FICO, FAST, FDX, FLEX, FLS, FMC, FORM, FTV, FWRD, FNV, FCX, FRD, GME, GNW, GILD, GFS, GL, GS, GOOGL, HLIT, HTLD, HELE, HP, HD, HON, DHI, HUBG, JBHT, HUN, IDA, IDXX, NSP, IBP, IIIN, ITGR, INTC, IBKR, IRM, JBLU, KALU, KBH, KEYS, KMB, KLAC, KSS, KLIC, LHX, LZB, LAMR, LPLA, LXU, MHO, MTSI, M, MGY, MANH, MKTX, MLM, MAS, MA, MTRN, MTRX, MRK, META, MLKN, MCO, MS, MOS, MLI, NBR, ^IXIC, NTAP, NWPX, NUS, NTNX, NVDA, OXY, OMCL, ASGN, ON, OUT, OXM, PANW, PKE, PATK, PTEN, PYPL, PLXS, PPL, PFG, PG, PRU, PHM, QTWO, RL, RMBS, RRC, RTX, RNG, ROK, RCKY, ROG, RGLD, RES, R, ^GSPC, SAIA, SBH, SLB, SCHW, SEIC, SMTC, SHW, SHOP, SKYW, SGI, SO, SCCO, SPSC, SSYS, TPR, TRGP, TDY, TDC, TER, TXN, TXT, TMO, TSCO, TDG, TZOO, TG, TREX, TWLO, UHAL, UNH, UNM, VFC, VECO, VRTX, V, VC, VMC, WMT, WAT, WSO, WERN, WPM, WMB, WSM, WSC, WWD, ZBRA, ITA, IYM, IAI, IYC, IYE, IHE, DDM, FTEC, FDN, QTEC, FXL, AIQ, QQQ, ICF, IYH, IHF, IAT, IYZ, IEV, IGV, MXI, IXN, ILF, SOXX, IEO, IYF, ITB, EWA, EWO, EWK, EWZ, EWC, ECH, EEM, EWQ, EWG, EWH, EIS, EWI, EWJ, EWW, EPP, EWS, EZA, EWP, EWD, EWL, EWT, THD, EWU, QLD, PPA, PEJ, PXJ, PHO, SSO, ROBO, XLP, XLF, XLV, XHB, XLI, XLB, XRT, SPY, XAR, XLK, UNG, USO, SMH, VHT, VIS, VAW, 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 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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