The Greedy Trader Weekly Analysis
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Archive
- 8/21/2015
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S&P 500
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Summary:
Weekly :Broken trend support lineTrend resistance at 1959.79
Daily :Broken trend support lineThe price is below the lower Bollinger Band20 Day Moving Average has crossed below the 50 Day Moving Average
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It was the first negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -120.65 points, or -5.77%, and closed at 1970.89 on Friday, August 21, 2015. ^GSPC was trading at average weekly trading volume.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on February 10, 1995 at 479.53 and reached 2134.72 on May 20, 2015. ^GSPC gained -1655.19 points, or -345.17%, in 1057 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (1959.79). 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 long-term trend.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term uptrend had started on March 6, 2009 at 666.79 and reached 2134.72 on May 20, 2015. ^GSPC gained -1467.93 points, or -220.15%, in 323 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (2045.48) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 6, 2015. Use the following link to access a MACD help.

Short-term trend: [See ^GSPC short-term trend chart]
A short-term downtrend had started on July 20, 2015 at 2132.82 and reached 1970.89 on August 21, 2015. ^GSPC lost 161.93 points, or 7.59%, in 32 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (1989.84) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 18, 2015. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.00
Williams' Percentage Range (W%R) 55.90
Lane's Stochastic (%D-Slow) 43.79
Greed/Fear Indicator (GFI) 36.96
Moving Average Converg./Diverg. (MACD) -4.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.44
Williams' Percentage Range (W%R) 61.40
Lane's Stochastic (%D-Slow) 53.46
Greed/Fear Indicator (GFI) 44.01
Moving Average Converg./Diverg. (MACD) 15.25
Trading Signals
Description Value Chart
Upper Bollinger Band 2138.14
Monthly Trendline Resistance 2131.71
Quarterly Trendline Resistance 2116.43
Parabolic System 2100.19
50 Day Moving Average 2090.90
Weekly Trendline Resistance 2090.82
20 Day Moving Average 2083.45
Weekly Stochastic Crossing 2050.22
Quarterly Trendline Support 2045.48
Lower Bollinger Band 2016.00
Daily Stochastic Crossing 2015.92
Monthly Trendline Support 1992.88
Weekly Trendline Support 1989.84
Price 1970.89
Yearly Trendline Resistance 1959.79
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2103.47
High Date 08/18/2015
Low 1970.89
Low Date 08/21/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 2090.82
Support 1989.84
High 2132.82
High Date 07/20/2015
Low 1970.89
Low Date 08/21/2015
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Support
Resistance 2131.71
Support 1992.88
High 2134.72
High Date 05/20/2015
Low 1970.89
Low Date 08/21/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2116.43
Support 2045.48
Low 666.79
Low Date 03/06/2009
High 2134.72
High Date 05/20/2015
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 1959.79
Support 1244.36
Low 479.53
Low Date 02/10/1995
High 2134.72
High Date 05/20/2015
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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