https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx Weekly stock market trend analysis, technical indicators and alerts. Copyright 2020 www.thegreedytrader.com en-us Sun, 02 Oct 2022 15:45:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=736 The Dow Jones quarterly wave has formed a Triangle chart pattern. The triangle resistance line is broken. Price is retesting the former resistance line. Sun, 17 Sep 2023 16:15:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=645 Almost 6% of S&P 500 component stocks have strongly oversold weekly Lane's Stochastic. It is the highest level since April 03, 2020. Sun, 02 Oct 2022 15:45:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=605 More than 40% of S&P 500 component stocks have oversold weekly Williams' Percentage Range (W%R). It is the highest level since March 20, 2020. Sun, 08 May 2022 17:50:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=548 The Dow Jones price is near the 200 Day Moving Average. Sat, 04 Dec 2021 18:45:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=476 The NASDAQ Composite index has formed the Rising Channel chart pattern, and price is near the resistance level. Sat, 29 Aug 2020 18:25:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=475 Weekly uptrend has formed a Rising Wedge chart pattern. The Rising Wedge in downtrend indicates that higher level downtrend is not over yet. Sat, 17 Apr 2020 18:25:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=474 S&P 500 Elliot Wave's cycle consists of eight waves; the five-wave motive phase followed by three-wave corrective phase. Sun, 12 Apr 2020 13:15:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=473 S&P 500 Elliot Waves Analysis: falling channel has a five sub-waves impulse structure. Sun, 22 Mar 2020 19:20:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=469 What to expect if the S&P breaks the long term rising channel support trendline. Sun, 14 Mar 2020 22:15:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=468 The S&P 500 intermediate trend Rising Wedge breakdown caused the biggest weekly loss since October 2008. Sun, 1 Mar 2020 17:15:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=441 It was the biggest weekly NASDAQ advance recorded. More than 30% of S&P members are trading at their highest price in the past 52 weeks. Sun, 7 Jan 2018 11:10:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=248 It was the eighth consecutive positive week for S&P 500 index. More than 40% of S&P 500 component stocks have overbought weekly Lane's Stochastic. It is the highest level since April 29, 2016. Sun, 5 Nov 2017 9:40:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=247 CurrencyShares Swedish Krona Trust (FXS) weekly downtrend reached 116.62 on September 27, making the biggest weekly drop since October 2015. Sun, 24 Sep 2017 19:30:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=246 The Dow Jones Industrial Average monthly uptrend has formed a five-wave structure. It started on April 19, 2017 at 20,379.55 and reached 22,419.51 on September 21, 2017. Sun, 24 Sep 2017 19:30:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=245 Almost 56% of S&P 500 component stocks have overbought weekly Williams' Percentage Range. It is the highest level since December 26, 2014. Sun, 5 Mar 2017 19:30:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=244 Almost 40% of S&P 500 component stocks have oversold daily Lane's Stochastic. It is a highest level since November 16, 2012. Sun, 15 Mar 2015 19:30:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?r=243 During the past week, Dow Jones Industrial Average sank 507.65 points or 2.87%, to 17164.95. Williams' Percentage Range and Lane's Stochastic are overbought in a monthly time frame. The Dow Jones price is near 200 Day Moving Average. Sun, 1 Feb 2015 19:30:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=236 The major indices and more than a half of S&P 500 members are strongly overbought in daily, weekly, and monthly time frames. Sun, 17 Mar 2013 14:30:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=233 Dow Jones, NASDAQ, and More than 40% of S&P 500 members have the Downtrend Resistance Alert. Sun, 30 Oct 2011 14:30:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=232 S&P 500 index may break the support around 1100 and move down to the next support area around 1000 - 950. Mon, 5 Sep 2011 16:30:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=231 S&P 500 index has fallen below the Parabolic SAR (stop and reversal). Price is close to the 50 Day Moving Average. Sun, 13 Mar 2011 18:45:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=230 S&P 500 medium-term uptrend has a five wave's structure. The fifth sub wave is near completion. Sun, 26 Dec 2010 22:10:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=229 The S&P 500 technical indicators are pretty close to the beginning of October 2007, just a week prior the beginning of the bear market of 2007-2009. Sun, 17 Oct 2010 13:30:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=228 More than 10% of S&P 500 index members made a new 52-week high, but almost a half of them closed this week below the previous week's close. Sun, 12 Sep 2010 16:35:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=227 Daily and weekly indicators are oversold for all three major US indices. More than 28% of S&P members are oversold, and more than 22% have a Trend Support Alert. Sun, 4 Jul 2010 16:15:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=226 More than 60 S&P members have the Downtrend Resistance Alert. Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Sun, 20 Jun 2010 13:15:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=225 More than 30% of S&P 500 members have an uptrend support alert. This alert indicates that stock price is near the monthly uptrend support level. Sun, 23 May 2010 18:15:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=222 Dow Jones gained 68.03% in 53 weeks. The chart has formed a Rising Channel chart pattern. Fifth wave up is in progress. Sun, 21 Mar 2010 182:00:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=221 NASDAQ medium-term trend has formed a five-wave structure. The fifth wave is in progress now. The price is near the trend resistance line (2331.43). Sun, 5 Mar 2010 12:15:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=220 Dow Jones has advanced above the 50 Day Moving Average. MACD line has moved above its signal line. Both crossovers are considered as bullish signals. Sat, 19 Feb 2010 16:20:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=219 The Dow Jones lost 932.06 points, or 8.66%, since January 14. The downtrend has formed a falling channel pattern. Sat, 7 Feb 2010 18:50:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=218 The Dow Jones is near the support line. Daily technical indicators are oversold. Almost 20% of S&P 500 members have an uptrend support alert. Sat, 31 Jan 2010 17:10:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=217 S&P MACD line has moved below its signal line; the price has crossed below the 50 Day MA and has closed below the lower Bollinger Band. Sat, 24 Jan 2010 16:25:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=216 The trend following indicators have turned bullish, while almost 20% of S&P 500 members are overbought. Sat, 25 Dec 2009 11:450:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=215 Strong resistance caused a sharp stock market sell off. The S&P 500 index has lost 3.3% in two days. Sat, 27 Sep 2009 16:40:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=214 S&P 500 is forming a rising wedge chart pattern. The next up leg could reach the resistance around 1075 in October. Sat, 6 Sep 2009 16:30:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=213 109 out of S&P 500 members are overbought, 51 stocks have daily MACD bearish divergence. Sat, 25 Jul 2009 21:50:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=212 The S&P 500 has an Uptrend Exhaustion alert. Chart has formed the head and shoulders pattern. Price is near the neckline. Sun, 12 Jul 2009 10:20:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=211 The S&P 500 index has an Uptrend Exhaustion alert. The next resistance level is near 1044. The support is near 470. Sun, 7 Jun 2009 17:45:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=210 The S&P 500 index has a downtrend resistance alert. The weekly ABC zigzag pattern is almost completed. Resistance is near 944. Sun, 10 May 2009 18:40:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=209 The S&P 500 upside potential is limited and chances are high that price will turn down soon. The support is near 805. Sun, 3 May 2009 11:25:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=208 S&P 500 chart has formed the broadening descending wedge. The uptrend may pause for a while to reset technical indicators. Sun, 29 Mar 2009 13:45:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=207 S&P 500 chart wave analysis and technical indicators suggest that the downtrend might be close to completion with the target around 650. Sun, 22 Feb 2009 12:35:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=206 Since mid October the S&P 500 is forming a horizontal expanding triangle pattern. The support is near 600, and resistance around 959 Mon, 19 Jan 2009 19:55:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=205 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. Sun, 30 Nov 2008 13:40:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=204 S&P 500 technical indicators have bullish divergence. It is usually considered as an indicator that bears are losing power. Sun, 14 Nov 2008 16:20:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=203 All three major indices have formed a triangle pattern. Usually, in a mature trend a it is considered as a reversal pattern. Sun, 12 Oct 2008 11:20:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=202 According to the technical indicators, the sharp market down wave might be close to completion. Sun, 12 Oct 2008 17:10:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=201 Average length of a bear market - 18.5 months (current - 12). Average bear market decline - 36% (current - 28%). Sun, 5 Oct 2008 15:10:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=200 The Dow Jones, S&P 500 and Nasdaq have posted the biggest gains since October 11, 2002 in two consecutive trading sessions. Sun, 19 Sep 2008 20:00:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=199 Dow Jones long-term chart has formed a head and shoulders pattern. After retesting the neckline Dow has resumed the long-term downtrend. Sun, 7 Sep 2008 22:20:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=197 Nasdaq is forming a triangle chart pattern. It usually represents an area of indecision, where the direction of the movement is questioned. Sun, 17 Aug 2008 13:15:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=196 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. Sun, 20 Jul 2008 12:55:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=195 Dow Jones long-term chart is forming a head and shoulders pattern. The projected price target is near 9000. Sun, 13 Jul 2008 12:20:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=194 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. Sun, 29 Jun 2008 14:50:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=192 For the last several month the Nasdaq Composite index outperformed the Dow Jones and Standard & Poor's 500 Indices. Sun, 22 Jun 2008 15:25:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=190 The QQQQ weekly technical indicators are overbought. The price is retesting the rising channel support. Sun, 1 Jun 2008 10:35:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=189 The QQQQ might see a brief rebound or pause, but the technical indicators and the wave structure suggest that the downtrend may continue. Sun, 25 May 2008 15:05:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=188 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. Sun, 16 May 2008 22:20:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=187 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. Sun, 11 May 2008 19:50:00 EDT https://www.thegreedytrader.com/QQQQTrendAnalysis.aspx?p=186 Short-term perspectives are negative. Daily technical indicators are overbought. Price (48.77) is near the rising channel resistance line - 48.94. Sun, 4 May 2008 20:30:00 EDT