The Greedy Trader Weekly Analysis
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Archive
- 11/10/2017
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S&P 500
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARTrend resistance at 2590.66
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It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -5.54 points, or -0.21%, and closed at 2582.30 on Friday, November 10, 2017. Weekly volume was 10% above average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 666.79 and reached 2597.02 on November 7, 2017. ^GSPC gained -1930.23 points, or -289.48%, in 452 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2172.21) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 1810.10 and reached 2597.02 on November 7, 2017. ^GSPC gained -786.92 points, or -43.47%, in 90 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 2523.71 and resistance is at 2726.50. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 29, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ^GSPC short-term trend chart]
A short-term uptrend had started on March 27, 2017 at 2322.25 and reached 2597.02 on November 7, 2017. ^GSPC gained -274.77 points, or -11.83%, in 225 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (2590.66). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is below its signal line since November 8, 2017. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.45
Williams' Percentage Range (W%R) 31.80
Lane's Stochastic (%D-Slow) 76.38
Greed/Fear Indicator (GFI) 68.35
Moving Average Converg./Diverg. (MACD) 16.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.15
Williams' Percentage Range (W%R) 8.80
Strong Overbought
Lane's Stochastic (%D-Slow) 95.38
Strong Overbought
Greed/Fear Indicator (GFI) 85.63
Overbought
Moving Average Converg./Diverg. (MACD) 47.49
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 2726.50
Parabolic System 2598.95
Upper Bollinger Band 2595.51
Weekly Stochastic Crossing 2591.57
Weekly Trendline Resistance 2590.66
Daily Stochastic Crossing 2588.26
Price 2582.30
20 Day Moving Average 2574.33
Monthly Trendline Resistance 2566.80
Lower Bollinger Band 2547.90
50 Day Moving Average 2536.02
Quarterly Trendline Support 2523.71
Yearly Trendline Resistance 2509.04
Weekly Trendline Support 2470.89
Monthly Trendline Support 2456.55
Yearly Trendline Support 2172.21
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 2417.35
Low Date 08/21/2017
High 2597.02
High Date 11/07/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 2590.66
Support 2470.89
Low 2322.25
Low Date 03/27/2017
High 2597.02
High Date 11/07/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2566.80
Support 2456.55
Low 2083.79
Low Date 11/04/2016
High 2597.02
High Date 11/07/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2726.50
Support 2523.71
Low 1810.10
Low Date 02/11/2016
High 2597.02
High Date 11/07/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2509.04
Support 2172.21
Low 666.79
Low Date 03/06/2009
High 2597.02
High Date 11/07/2017
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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