As of 05/29/2025
Indus: 42,216 +117.03 +0.3%
Trans: 14,745 +77.75 +0.5%
Utils: 1,031 +6.35 +0.6%
Nasdaq: 19,176 +74.93 +0.4%
S&P 500: 5,912 +23.62 +0.4%
|
YTD
-0.8%
-7.2%
+4.9%
-0.7%
+0.5%
|
 43,700 or 40,900 by 06/01/202516,000 or 14,000 by 06/01/20251,075 or 1,000 by 06/01/202519,500 or 17,700 by 06/01/20256,000 or 5,600 by 06/01/2025 |
As of 05/29/2025
Indus: 42,216 +117.03 +0.3%
Trans: 14,745 +77.75 +0.5%
Utils: 1,031 +6.35 +0.6%
Nasdaq: 19,176 +74.93 +0.4%
S&P 500: 5,912 +23.62 +0.4%
|
YTD
-0.8%
-7.2%
+4.9%
-0.7%
+0.5%
| |
|
43,700 or 40,900 by 06/01/202516,000 or 14,000 by 06/01/20251,075 or 1,000 by 06/01/202519,500 or 17,700 by 06/01/20256,000 or 5,600 by 06/01/2025 | ||
See chapter 2, Minor Highs and Lows (page 13) of the book,
Visual Guide to Chart Patterns
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Minor highs are peaks and minor lows are valleys on the price chart. Below are some tips for selecting minor highs and lows.
New research suggests that when a tall price bar (candle line) forms in an uptrend or downtrend, a reversal is likely (forming a minor high or low). For details, see Candles at peaks and valleys.
The above figure shows what most chartists call minor highs. Think of minor highs as price peaks in a mountain range of prices.
The odd numbers in the figure show distinct price peaks in which price makes a lower high to each side of it. Even points 2, 4, and 6 are minor highs because they are the highest peak in several days. A good guideline is to find peaks that have no higher price within 5 days surrounding the peak. That's 2 days before to 2 days after the tallest peak.
The above figure shows minor lows. Think of minor lows as price valleys. The even numbers show distinct valleys but what about point 5? If you use a 5-day window (2 days before to 2 days after) then point 4 shows a lower valley. Thus, point 5 is probably not a minor low but one that is part of point 4.
In some cases, such as when searching for an Eve peak or valley (see the Adam and Eve combinations of double tops or bottoms) you might want to consider valleys 4, 5, and 6 as a major low – a large rounding turn composed of a few minor lows.
The most important considerations for finding minor highs and minor lows is that you are looking for peaks and valleys, ones that are distinct and well separated.
-- Thomas Bulkowski
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