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- 10/17/2014
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S&P 500
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Summary:
Weekly :Williams' Percentage Range bullish divergenceTrend resistance at 1840.87
Daily :The Bollinger Bands are historically far apart
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It was the fourth consecutive negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -19.37 points, or -1.02%, and closed at 1886.76 on Friday, October 17, 2014. Weekly volume was 59% above average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on February 10, 1995 at 479.53 and reached 2019.26 on September 19, 2014. ^GSPC gained -1539.73 points, or -321.09%, in 1023 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (1840.87). 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 2019.26 on September 19, 2014. ^GSPC gained -1352.47 points, or -202.83%, in 289 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 1733.61 and resistance is at 1930.73. 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 technical indicators are neutral. Weekly Williams' Percentage Range has bullish divergence. Use the following links to access the Williams' Percentage Range help, or use the Technical Stock Screener to see the list of stocks with weekly Williams' Percentage Range bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 1, 2014. The distance between MACD and the signal line is near its high and getting bigger. 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 September 19, 2014 at 2019.26 and reached 1820.66 on October 15, 2014. ^GSPC lost 198.60 points, or 9.84%, in 26 days. The price is now at the 33.28% retracement level.

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

The daily MACD line is below its signal line since September 8, 2014. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (9.45%) is close to one year high (8.14%). It is 133.93% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.26
Williams' Percentage Range (W%R) 76.50
Lane's Stochastic (%D-Slow) 20.74
Greed/Fear Indicator (GFI) 25.49
Moving Average Converg./Diverg. (MACD) -20.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.26
Williams' Percentage Range (W%R) 77.70
Bullish
Lane's Stochastic (%D-Slow) 51.23
Bearish
Greed/Fear Indicator (GFI) 38.62
Moving Average Converg./Diverg. (MACD) 34.77
Trading Signals
Description Value Chart
Monthly Trendline Resistance 2060.19
Upper Bollinger Band 2018.40
Monthly Trendline Support 2000.23
50 Day Moving Average 1967.27
20 Day Moving Average 1940.11
Quarterly Trendline Resistance 1930.73
Parabolic System 1916.65
Weekly Stochastic Crossing 1903.60
Price 1886.76
Daily Stochastic Crossing 1859.25
Yearly Trendline Resistance 1840.87
Lower Bollinger Band 1840.14
Quarterly Trendline Support 1733.61
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2019.26
High Date 09/19/2014
Low 1820.66
Low Date 10/15/2014
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 2019.26
High Date 09/19/2014
Low 1820.66
Low Date 10/15/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2060.19
Support 2000.23
Low 1266.74
Low Date 06/04/2012
High 2019.26
High Date 09/19/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 1930.73
Support 1733.61
Low 666.79
Low Date 03/06/2009
High 2019.26
High Date 09/19/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 1840.87
Support 1215.07
Low 479.53
Low Date 02/10/1995
High 2019.26
High Date 09/19/2014
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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