As of 06/13/2025   Indus: 42,198 -769.83 -1.8%     Trans: 14,686 -224.99 -1.5%     Utils: 1,037 -6.25 -0.6%     Nasdaq: 19,407 -255.65 -1.3%     S&P 500: 5,977 -68.29 -1.1%	YTD -0.8%   -7.6%    +5.5%    +0.5%    +1.6%	Targets    Overview: 06/13/2025     44,000 or 41,200 by 07/01/2025   16,000 or 14,500 by 07/01/2025   1,080 or 1,010 by 07/01/2025   20,500 or 19,000 by 07/01/2025   6,150 or 5,850 by 07/01/2025
Chart Pattern Indicator: on 6/11/25

As of 06/13/2025   Indus: 42,198 -769.83 -1.8%     Trans: 14,686 -224.99 -1.5%     Utils: 1,037 -6.25 -0.6%     Nasdaq: 19,407 -255.65 -1.3%     S&P 500: 5,977 -68.29 -1.1%	YTD -0.8%   -7.6%    +5.5%    +0.5%    +1.6%
Targets    Overview: 06/13/2025     44,000 or 41,200 by 07/01/2025   16,000 or 14,500 by 07/01/2025   1,080 or 1,010 by 07/01/2025   20,500 or 19,000 by 07/01/2025   6,150 or 5,850 by 07/01/2025
Chart Pattern Indicator: on 6/11/25

Recent Headlines Monday 6/16/25. Market Monday: The Week Ahead Friday 6/13/25. Pattern Trading Setups for the Weekend. Thursday 6/12/25. Intraday Market Direction: Nasdaq Wednesday 6/11/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 6/10/25. Slider Trading Quiz! Torchmark: TMK (support and resistance)

Older Headlines Monday 6/9/25. Market Monday: The Week Ahead Friday 6/6/25. Pattern Trading Setups for the Weekend. Thursday 6/5/25. Intraday Market Direction: Nasdaq Wednesday 6/4/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 6/3/25. Slider Trading Quiz! Transocean: RIG Monday 6/2/25. 2025 Forecast Update Friday 5/30/25. Pattern Trading Setups for the Weekend. Thursday 5/29/25. Intraday Market Direction: Nasdaq Wednesday 5/28/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 5/27/25. Slider Trading Quiz! Tredegar: TG (support and resistance)

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Monday 6/16/25. Market Monday: The Week Ahead

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

My Prediction

I show the Dow utilities on the weekly scale to give recent action more context.

Last year, we see a broadening top chart pattern, outlined here in red. The pattern had a downward breakout but the index didn't drop too far.

From the start of this year, the index has climbed but struggled to do so.

Recently, we've seen the opposite of a broadening top, that of a symmetrical triangle.

The breakout direction is unknown, but given that price was climbing into the pattern, we can assume it'll breakout upward. That's not true often, so don't bank on it.

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 is over.

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: DDD, AYI, ADBE, APD, AEE, AXP, ANIK, APA, AAPL, ASH, AVA, AZTA, BKNG, BG, CAL, CDAY, CF, CAG, COP, CXW, DECK, XRAY, DVN, FANG, D, BOOM, EMN, EOG, XOM, EZPW, FDX, FIS, FIVN, GME, GAP, GD, GE, GPN, GES, HBI, HOV, HUBG, JBLU, KEYS, KFRC, LHX, LZB, LH, RAMP, LXU, M, MKTX, MTDR, MTRN, MLKN, MUR, NTGR, NEE, NOC, OXY, OGE, OLN, OXM, PATK, PTEN, PCTY, PFE, PPG, PPL, PINC, PSTG, RTX, RNG, RGLD, RES, CRM, SBH, SAIC, NOW, SKYW, SR, SSYS, SRDX, TRGP, TDOC, TDC, TTD, TJX, TZOO, VFC, VC, WDAY, IYE, FDN, FXI, IYH, IAT, IXC, IGE, IEO, EWA, EIS, EPP, TUR, DBA, PBE, PEJ, PXJ, XLE, GLD, XLV, XRT, USO. 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Friday 6/13/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 154 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AFL, AKAM, ALGT, AFG, APOG, AMAT, ATR, ADM, BZH, BBY, BIO, BIIB, BSX, CAL, CDAY, CRL, CIEN, CLNE, CLF, GLW, CSGP, CR, CSGS, CTS, DECK, XRAY, FANG, ^DJT, ^DJI, BOOM, EMN, EPAM, EG, EVH, EXPI, EZPW, FIVN, FWRD, GME, GD, GFF, HELE, HSY, HNI, HOLX, HOV, HUBG, HURC, IEX, IDXX, ITW, IBP, ITGR, JAZZ, KALU, K, KEYS, KSS, LZB, LH, LRCX, RAMP, M, MKTX, MRTN, MAS, MRK, META, MLKN, NTGR, NWL, NI, NOC, NOVT, NVDA, ASGN, OTEX, ORCL, OUT, PKE, PATK, PCTY, PYPL, PETS, PFE, PPG, PINC, PSTG, DGX, RHI, R, SIGI, SCI, SLGN, LUV, SWX, SCS, SRDX, TFX, TER, TEVA, TXN, TKR, TJX, TSCO, UGI, VMI, VECO, VEEV, VC, WMT, WSC, WOLF, ZBRA, IYE, IHE, DDM, FTEC, FXL, BOTZ, IYH, IAT, IEV, IXC, IXN, IGE, EEM, EWQ, EIS, EWM, EPP, EWS, EWY, EWP, EWL, EWT, TUR, EWU, PHO, XLE, XLV, XLK, VHT. 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Thursday 6/12/25. Intraday Market Direction: Nasdaq

$ $ $

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

I drew a red trendline under the valleys even though it cuts through price. It's a view of how price is following the trendline higher.

At A is a preview of what the drop at B might look like. However, A happened within one day. B, if price continues to drop, will span two days. I don't know what will happen at the open. It looks like B is moving sideways, perhaps trying to decide on a direction.

Not shown but the CPI (chart pattern indicator) has dropped to 46, which is neutral from bullish (which starts at 65 and above). So the general market is seeing weakness. That suggests tomorrow (Thursday) will be weak.

$ $ $

I started adding examples to the chart pattern pages, starting with the 2B pattern. This was a suggestion from a blog reader 6+ months ago. I wanted to finish writing my Orb Foresight book first, which I did. I released the book yesterday (see the post for details).

$ $ $

Here's a symbol list of 217 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AMD, AFL, AKAM, ALRM, AA, ALGT, AMZN, AMWD, APOG, AAPL, ATR, ARCB, ACGL, AWI, ARW, AVNT, AVA, BCPC, BZH, BBY, BIIB, BMY, BRKR, BLDR, CACI, CNC, CI, CLNE, CNX, CGNX, GLW, CTS, XRAY, DVN, FANG, ^DJT, BOOM, EXP, EMN, EIX, EPAM, EFX, EVH, EZPW, FIS, FIVN, GIS, GPN, GL, GMS, GFF, GES, HLIT, HTLD, HSII, HELE, HNI, HD, HOV, HUBG, JBHT, IEX, ITW, INCY, IBP, IIIN, ITGR, INTU, JAZZ, JBLU, KALU, KBH, KEYS, KFRC, KLAC, KSS, LHX, LZB, LH, LANC, LEG, LEN, RAMP, LOW, MHO, MTSI, M, MANH, MRTN, MAS, META, MSFT, MLKN, MYGN, ^IXIC, NOV, NTGR, NWL, NOC, NOVT, OXY, OMCL, ASGN, ON, OTEX, OUT, OMI, PKE, PATK, PCTY, PFE, PNW, PPG, PINC, PRU, PSTG, QCOM, DGX, RMBS, REGN, RCKY, R, SAIA, SBH, SIGI, SHW, SHOP, SLGN, LUV, SPSC, SCS, SRDX, TPR, TRGP, TDY, TFX, TDC, TER, TXN, TXT, TKR, TJX, TOL, TREX, UNH, VFC, VLO, VECO, VEEV, MDRX, VC, WRB, WSO, WERN, WSC, WOLF, WWW, ZBRA, IYC, IHE, FXL, FXI, BOTZ, ICF, IYH, IAT, IYZ, IXC, MXI, IXN, ILF, IGE, IYF, EWZ, EEM, EWW, EWY, EWL, TUR, IBB, PHO, XLV, XHB, XLK, VHT. 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

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