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Chart Pattern Indicator Change…

Chart Pattern Indicator Update

As of 11/12/2021

  Indus: 36,100 +179.08 +0.5%  

  Trans: 16,760 +51.37 +0.3%  

  Utils: 908 -1.97 -0.2%  

  Nasdaq: 15,861 +156.68 +1.0%  

  S&P 500: 4,683 +33.58 +0.7%  

YTD

 +17.9%  

 +34.0%  

 +5.0%  

 +23.1%  

 +24.7%  

  Up arrow38,000 or 35,800 by 12/01/2021
  Up arrow17,700 or 16,000 by 12/01/2021
  Up arrow935 or 890 by 12/01/2021
  Up arrow16,400 or 15,350 by 12/01/2021
  Up arrow4,850 or 4,560 by 12/01/2021

As of 11/12/2021

  Indus: 36,100 +179.08 +0.5%  

  Trans: 16,760 +51.37 +0.3%  

  Utils: 908 -1.97 -0.2%  

  Nasdaq: 15,861 +156.68 +1.0%  

  S&P 500: 4,683 +33.58 +0.7%  

YTD

 +17.9%  

 +34.0%  

 +5.0%  

 +23.1%  

 +24.7%  

  Up arrow38,000 or 35,800 by 12/01/2021
  Up arrow17,700 or 16,000 by 12/01/2021
  Up arrow935 or 890 by 12/01/2021
  Up arrow16,400 or 15,350 by 12/01/2021
  Up arrow4,850 or 4,560 by 12/01/2021

 

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 symbol list (stock symbols used by the indicator). Last updated: 11/01/2021

From the FAQ…


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.

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Chart pattern indicator chart with buy and sell signals highlighted

The most recent signal was bullish on 10/08/2021.

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.

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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

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Warning: Dates on calendars are closer than they appear!Smiley


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