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Support this site! Clicking the links (below) takes you to Amazon.com. If you buy ANYTHING, they pay for the referral. My books...

Encyclopedia of Chart Patterns 2nd Edition book.
Chart Patterns: After the Buy
Getting Started in Chart Patterns, Second Edition book.
Trading Basics: Evolution of a Trader book.
Fundamental Analysis and Position Trading: Evolution of a Trader book.
Swing and Day Trading: Evolution of a Trader book.
Visual Guide to Chart Patterns book.
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Kindle
Picture of the head's law.
Kindle

Bulkowski's Chart Pattern Indicator Update

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Busted
Patterns
Candles Chart
Patterns
Event
Patterns
Small Patterns
As of 03/19/2019
  Industrials: 25,887 -26.72 -0.1%  
  Transports: 10,277 -137.04 -1.3%  
  Utilities: 768 -8.57 -1.1%  
  Nasdaq: 7,724 +9.47 +0.1%  
  S&P 500: 2,833 -0.37 0.0%  
YTD
 +11.0%  
 +12.1%  
 +7.8%  
 +16.4%  
 +13.0%  
  Tom's Targets    Overview: 03/14/2019  
  Down arrow26,900 or 25,200 by 04/01/2019
  Down arrow10,700 or 9,900 by 04/01/2019
  Down arrow785 or 750 by 04/01/2019
  Down arrow7,900 or 7,300 by 04/01/2019
  Down arrow2,875 or 2,700 by 04/01/2019
As of 03/19/2019
  Industrials: 25,887 -26.72 -0.1%  
  Transports: 10,277 -137.04 -1.3%  
  Utilities: 768 -8.57 -1.1%  
  Nasdaq: 7,724 +9.47 +0.1%  
  S&P 500: 2,833 -0.37 0.0%  
YTD
 +11.0%  
 +12.1%  
 +7.8%  
 +16.4%  
 +13.0%  
  Tom's Targets    Overview: 03/14/2019  
  Down arrow26,900 or 25,200 by 04/01/2019
  Down arrow10,700 or 9,900 by 04/01/2019
  Down arrow785 or 750 by 04/01/2019
  Down arrow7,900 or 7,300 by 04/01/2019
  Down arrow2,875 or 2,700 by 04/01/2019

Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners.

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 this link and then buy the book (or anything) at Amazon.com, the referral will help support this site. Thanks. -- Tom Bulkowski

$ $ $

This page shows three views of the chart pattern indicator.

 
From the FAQ...
Why do daily CPI readings not match those from the spreadsheet?

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).

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 bullish on 03/11/2019.

This 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.

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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

Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners. Warning: Dates on calendars are closer than they appear!