As of 12/20/2024
  Indus: 42,840 +498.02 +1.2%  
  Trans: 15,892 +32.54 +0.2%  
  Utils: 986 +14.76 +1.5%  
  Nasdaq: 19,573 +199.83 +1.0%  
  S&P 500: 5,931 +63.77 +1.1%  
YTD
 +13.7%  
0.0%  
 +11.9%  
 +30.4%  
 +24.3%  
  Targets    Overview: 12/12/2024  
  Up arrow44,200 or 41,750 by 01/01/2025
  Down arrow16,100 or 17,700 by 01/01/2025
  Up arrow1,050 or 975 by 01/01/2025
  Up arrow20,500 or 19,300 by 01/01/2025
  Up arrow6,100 or 5,775 by 01/01/2025
As of 12/20/2024
  Indus: 42,840 +498.02 +1.2%  
  Trans: 15,892 +32.54 +0.2%  
  Utils: 986 +14.76 +1.5%  
  Nasdaq: 19,573 +199.83 +1.0%  
  S&P 500: 5,931 +63.77 +1.1%  
YTD
 +13.7%  
0.0%  
 +11.9%  
 +30.4%  
 +24.3%  
  Targets    Overview: 12/12/2024  
  Up arrow44,200 or 41,750 by 01/01/2025
  Down arrow16,100 or 17,700 by 01/01/2025
  Up arrow1,050 or 975 by 01/01/2025
  Up arrow20,500 or 19,300 by 01/01/2025
  Up arrow6,100 or 5,775 by 01/01/2025

Bulkowski's Chart Pattern Indicator Update

Updated on 1/8/2019.

My book, Swing and Day TradingSwing and Day Trading: Evolution of a Trader book., pictured on the left, discusses the chart pattern indicator starting on page 133. It discusses the Nr7 pattern and the CPI equation, too.

If you click on the above link and then buy the book (or anything) while at Amazon.com, the referral will help support this site. Thanks.

-- Tom Bulkowski

$ $ $

CPI Results (below)
CPI Background
CPI Warnings
Historical CPI numbers, from 1/1999 to 1/2019 (.xls, 174k compressed)
CPI symbol list (stock symbols used by the indicator). Last updated: 11/22/2024
Patternz has the CPI ready to go.
Patternz Configuration (for windows XP version of Patternz)
See Also
From the FAQ...
Why do chart pattern indicator signals appear one day and disappear the next?
Why do daily CPI readings not match those from the spreadsheet?
I want to trade using your chart pattern indicator.
How do I calculate the chart pattern indicator?

Chart Pattern Indicator: Analysis

For daily signal updates, see CPI.html which shows the locations of where the signal is announced.

The following are DAILY price charts, updated once a week (after Friday's close, current as of that close). The scaling is approximate for the indicator (meaning it might look like it's at 36, but the actual value is really 34...it's a drawing issue with the charts I'm using). White bars are neutral readings.

Chart pattern indicator chart with buy and sell signals highlighted

The above chart shows all of the signals as of Friday's close (and not updated until after next Friday's close), hiding the indicator line beneath the vertical bars. Vertical green bars are bullish, red ones are bearish, and white areas are neutral. The following charts clarify the signals.

Top of page More

Chart pattern indicator chart with buy and sell signals highlighted

The most recent signal was bearish on 12/05/2024.

The above chart shows the bullish and bearish signal CHANGES. As with the other charts on this page, it is updated only ONCE each week, after Friday's close, but the chart uses the daily scale.

The S&P 500 Index appears as price bars on the top, and the indicator is the wavy blue line (which looks black) between the red and green bars near the bottom of the chart.

The last chart, below, shows the indicator by itself.

Signals can change for up to a week. If you do not understand why this happens, then read about the indicator construction, especially the warnings section.

Top of page More

Raw chart pattern indicator chart

The chart pattern indicator line is not as important as the signals which it generates, but I have included a third chart of the indicator itself so you can check for divergence. Divergence often gives hints as to which way the index moves in the future.

Look for lower/higher peaks in the indicator while the index is going in the opposite direction (is making higher/lower peaks). The index will often follow the indicator,but it can take weeks before that happens.

Patternz Configuration

The 2019 version of Patternz makes computing and charting the indicator easy. However, if you have the XP version, then refer to the program's setup as described on the CPI.html page. Click the link to be taken there.

-- Thomas Bulkowski

Top of page More

See Also

 

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