The Greedy Trader Weekly Analysis
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- 1/2/2026 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 7007.99
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the pricePrice is near the Fibonacci 38.2% retracement levelThe price is close to the moving average in the center of the Bollinger BandsThe period of low volatility of the stock pricePrice is close to the 50 Day Moving Average
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It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -71.47 points, or -1.03%, and closed at 6858.47 on Friday, January 2, 2026. It was the worst weekly loss since November 21, 2025. Weekly volume was -12% below 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 6945.77 on December 26, 2025. ^GSPC gained -3454.19 points, or -98.93%, in 167 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (7007.99). 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 November 21, 2025 at 6521.92 and reached 6945.77 on December 26, 2025. ^GSPC gained -423.85 points, or -6.50%, in 5 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 6837.20 and resistance is at 6962.69. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising 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 overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 below its signal line since November 14, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 December 17, 2025 at 6720.43 and reached 6945.77 on December 26, 2025. ^GSPC gained -225.34 points, or -3.35%, in 9 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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.

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

A Parabolic SAR (stop and reversal) indicator (6795.52) comes close to the price (6858.47). It indicates that the trend is getting weaker. 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.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3% on Friday. It is 52.27% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Price is close to the 50 Day Moving Average. 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) 45.66
Williams' Percentage Range (W%R) 30.00
Lane's Stochastic (%D-Slow) 68.54
Greed/Fear Indicator (GFI) 61.39
Moving Average Converg./Diverg. (MACD) 29.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.55
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 81.45
Overbought
Greed/Fear Indicator (GFI) 74.36
Moving Average Converg./Diverg. (MACD) 196.85
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 7007.99
Weekly Trendline Resistance 6962.69
Upper Bollinger Band 6952.17
Daily Stochastic Crossing 6900.13
Weekly Stochastic Crossing 6871.31
Price 6858.47
20 Day Moving Average 6856.67
Weekly Trendline Support 6837.20
50 Day Moving Average 6805.01
Parabolic System 6795.52
Lower Bollinger Band 6746.24
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 6720.43
Low Date 12/17/2025
High 6945.77
High Date 12/26/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 6962.69
Support 6837.20
Low 6521.92
Low Date 11/21/2025
High 6945.77
High Date 12/26/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4835.04
Low Date 04/07/2025
High 6945.77
High Date 12/26/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 7007.99
Support 5249.14
Low 3491.58
Low Date 10/13/2022
High 6945.77
High Date 12/26/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 6945.77
High Date 12/26/2025
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.