The Greedy Trader Weekly Analysis
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- 5/22/2026 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtTrend resistance at 7326.79
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal line
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It was a eighth positive week after 5 consecutive negative weeks for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 64.97 points, or 0.88%, and closed at 7473.47 on Friday, May 22, 2026. Weekly volume was 17% above average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 3491.58 and reached 7517.12 on May 14, 2026. ^GSPC gained -4025.54 points, or -115.29%, in 187 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (7326.79). 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 30, 2026 at 6316.91 and reached 7517.12 on May 14, 2026. ^GSPC gained -1200.21 points, or -19.00%, in 6 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 7383.06 and resistance is at 7672.44. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge 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. 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 April 24, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 May 14, 2026 at 7517.12 and reached 7333.68 on May 19, 2026. ^GSPC lost 183.44 points, or 2.44%, in 5 days. The price is now at the 76.20% retracement level.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.05
Williams' Percentage Range (W%R) 11.80
Overbought
Lane's Stochastic (%D-Slow) 51.35
Greed/Fear Indicator (GFI) 70.20
Moving Average Converg./Diverg. (MACD) 132.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.54
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 95.75
Strong Overbought
Greed/Fear Indicator (GFI) 83.70
Overbought
Moving Average Converg./Diverg. (MACD) 112.04
Trading Signals
Description Value Chart
Weekly Trendline Resistance 7672.44
Upper Bollinger Band 7543.79
Price 7473.47
Weekly Stochastic Crossing 7465.91
Daily Stochastic Crossing 7429.04
Weekly Trendline Support 7383.06
20 Day Moving Average 7336.28
Parabolic System 7333.55
Quarterly Trendline Resistance 7326.79
Lower Bollinger Band 7086.79
50 Day Moving Average 6987.96
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 7517.12
High Date 05/14/2026
Low 7333.68
Low Date 05/19/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 7672.44
Support 7383.06
Low 6316.91
Low Date 03/30/2026
High 7517.12
High Date 05/14/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4835.04
Low Date 04/07/2025
High 7517.12
High Date 05/14/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 7326.79
Support 5458.21
Low 3491.58
Low Date 10/13/2022
High 7517.12
High Date 05/14/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 7517.12
High Date 05/14/2026
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.