As of 12/24/2024

Indus: 43,297 +390.08 +0.9%

Trans: 16,063 +127.24 +0.8%

Utils: 993 +4.93 +0.5%

Nasdaq: 20,031 +266.24 +1.3%

S&P 500: 6,040 +65.97 +1.1%

YTD

+14.9%

+1.0%

+12.7%

+33.4%

+26.6%

Targets Overview: 12/12/2024

44,200 or 41,750 by 01/01/2025

16,700 or 15,500 by 01/15/2025

1,050 or 975 by 01/01/2025

20,500 or 19,300 by 01/01/2025

6,100 or 5,775 by 01/01/2025

Chart Pattern Indicator:

on 12/5/24

As of 12/24/2024

Indus: 43,297 +390.08 +0.9%

Trans: 16,063 +127.24 +0.8%

Utils: 993 +4.93 +0.5%

Nasdaq: 20,031 +266.24 +1.3%

S&P 500: 6,040 +65.97 +1.1%

YTD

+14.9%

+1.0%

+12.7%

+33.4%

+26.6%

Targets Overview: 12/12/2024

44,200 or 41,750 by 01/01/2025

16,700 or 15,500 by 01/15/2025

1,050 or 975 by 01/01/2025

20,500 or 19,300 by 01/01/2025

6,100 or 5,775 by 01/01/2025

Chart Pattern Indicator:

on 12/5/24

Bulkowski's 2020 Forecast June Update

Released 6/1/2020.

Forecast Updated for June 2020

Below is the updated forecast for 2020 as of June 1. Captions appear below the pictures for guidance, so be sure to scroll down far enough to read them.

1 / 4

This is a graph of the chart pattern indicator (CPI) against the S&P 500 index. Briefly, the CPI counts the number of bullish patterns to bearish ones in the belief that at significant market turns, the bearish patterns will outnumber the bullish ones, or vice versa. The thin blue line at the bottom of the chart is the CPI.

The indicator shows it's still bullish with a reading of 90, near the top of the 0-100 scale.

The next chart looks at the 2020 forecast for the Dow industrials.

2 / 4

Because of the steep drop in the Dow, the forecast looks flat (the large swing compressed the scale. See the entire forecast here, without compression).

The red line is the forecast. I drew green lines to emphasize the broadening top pattern in the index. We can say that as the index has climbed, the forecast has dropped (the top green line).

The Nasdaq forecast is up next.

3 / 4

Here's a chart of the Nasdaq. Notice that the index has crossed the forecast. The Nasdaq is the only index to be in positive territory as of Friday. Will it follow the prediction lower going into the end of the year?

The next chart shows the SPX (S&P 500).

4 / 4

Here's the S&P 500 (SPX, really) on the daily scale. The index has almost reached the forecast.

The end.

❮ ❯

Bulkowski's 2020 Forecast June Update

Forecast Updated for June 2020

See Also