The Greedy Trader Weekly Analysis
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Stock Market Trend Analysis Newsletter.
S&P 500 - Uptrend Exhaustion alert
The S&P 500 index has an Uptrend Exhaustion alert. The next resistance level is near 1044. The support is near 470.
Jun 7 , 2009
S&P 500 - downtrend resistance alert
The S&P 500 index has a downtrend resistance alert. The weekly ABC zigzag pattern is almost completed. Resistance is near 944.
May 10, 2009
The upside potential is limited
The S&P 500 upside potential is limited and chances are high that price will turn down soon. The support is near 805.
May 3 , 2009
S&P 500 chart has formed the broadening wedge
S&P 500 chart has formed the broadening descending wedge. The uptrend may pause for a while to reset technical indicators.
Mar 29, 2009
S&P 500 chart wave analysis
S&P 500 chart wave analysis and technical indicators suggest that the downtrend might be close to completion with the target around 650.
Feb 22, 2009
S&P 500 is forming a triangle pattern
Since mid October the S&P 500 is forming a horizontal expanding triangle pattern. The support is near 600, and resistance around 959
Jan 19, 2009
S&P 500 resistance is near 965
S&P 500 resistance is near 965 now and the support is near 738. S&P may turn down to retest the support line once more.
Nov 30, 2008
S&P 500 technical indicators have bullish divergence
S&P 500 technical indicators have bullish divergence. It is usually considered as an indicator that bears are losing power.
Nov 14, 2008
Major indices have formed a triangle chart pattern
All three major indices have formed a triangle pattern. Usually, in a mature trend a it is considered as a reversal pattern.
Oct 12, 2008
Bear market technical indicators
According to the technical indicators, the sharp market down wave might be close to completion.
Oct 12, 2008
Bear market statistics
Average length of a bear market - 18.5 months (current - 12). Average bear market decline - 36% (current - 28%).
Oct 5 , 2008
Major indices posted the biggest gains since 2002
The Dow Jones, S&P 500 and Nasdaq have posted the biggest gains since October 11, 2002 in two consecutive trading sessions.
Sep 19, 2008
Dow - head and shoulders pattern
Dow Jones long-term chart has formed a head and shoulders pattern. After retesting the neckline Dow has resumed the long-term downtrend.
Sep 7 , 2008
Nasdaq is forming a triangle chart pattern
Nasdaq is forming a triangle chart pattern. It usually represents an area of indecision, where the direction of the movement is questioned.
Aug 17, 2008
S&P 500 has formed a Bearish Advance Block pattern
The down trend might not be completed yet, and it may resume soon. On Friday, S&P 500 Index has formed a Bearish Advance Block candlestick pattern.
Jul 20, 2008
Dow Jones is forming a head and shoulders pattern
Dow Jones long-term chart is forming a head and shoulders pattern. The projected price target is near 9000.
Jul 13, 2008
The QQQQ is forming a new falling channel
The QQQQ weekly rising channel (March 17-June 5) is broken. The new falling channel is forming, and the price is near the channel support.
Jun 29, 2008
For the week Nasdaq Composite dropped 1.97%
For the last several month the Nasdaq Composite index outperformed the Dow Jones and Standard & Poor's 500 Indices.
Jun 22, 2008
The QQQQ is retesting the rising channel support
The QQQQ weekly technical indicators are overbought. The price is retesting the rising channel support.
Jun 1 , 2008
QQQQ weekly indicator is still strongly overbought
The QQQQ might see a brief rebound or pause, but the technical indicators and the wave structure suggest that the downtrend may continue.
May 25, 2008
QQQQ technical indicators are overbought
Weekly and daily Lane's Stochastic is overbought. Daily W%R is strongly overbought. MACD has bearish divergence. The channel resistance is near 50.6.
May 16, 2008
QQQQ may reach the channel resistance level near 49.6
The QQQQ price is near support. If support holds, the QQQQ may reach the channel resistance level near 49.6. Overall risk/reward ratio is still pretty high.
May 11, 2008
QQQQ - MACD has bearish divergence
Short-term perspectives are negative. Daily technical indicators are overbought. Price (48.77) is near the rising channel resistance line - 48.94.
May 4 , 2008
QQQQ is retesting an important support level around 43.5 - 44
Last week the QQQQ lost 3.45%. After the previous rally that broke the mid-term falling channel, the QQQQ is retesting an important support level around 43.5 - 44.
Apr 12, 2008
The QQQQ downtrend resistance alert
The QQQQ daily Lane's Stochastic is overbought. The channel resistance is usually stronger when appears with overbought technical indicators.
Mar 30, 2008
The QQQQ is near the falling channel resistance line
The QQQQ current price 43.09 is near the falling channel resistance line (43.5 - 44.5). If resistance holds, the QQQQ may retest the recent low at 41.17.
Mar 23, 2008
The QQQQ is in the final stage of the first long-term wave down
Usually the final wave down in the long-term trend characterized by oversold long-term technical indicators and the spreading fear in the stock market.
Mar 9 , 2008
The QQQQ closed on Friday near the symmetric triangle support line
The QQQQ closed on Friday near the symmetric triangle support line. The mid-term downtrend resistance is near 45.5-46, while support is below 40.
Mar 2 , 2008
The QQQQ has dropped below the Lower Bollinger Band level
On Friday QQQQ has dropped below the Lower Bollinger Band level (42.86) reaching a symmetric triangle support line around 42.86.
Feb 24, 2008
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Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.
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