The Greedy Trader Weekly Analysis
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- 1/9/2026 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index and Lane's Stochastic bearish divergenceTrend resistance at 7027.64
Daily :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceDaily  MACD line has moved above its signal line
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 107.81 points, or 1.57%, and closed at 6966.28 on Friday, January 9, 2026. It was the best weekly gain since November 28, 2025. Weekly volume was 33% 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 6978.36 on January 9, 2026. ^GSPC gained -3486.78 points, or -99.86%, in 169 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (7027.64). 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 6978.36 on January 9, 2026. ^GSPC gained -456.44 points, or -7.00%, in 7 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 6883.89 and resistance is at 6983.85. 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bearish 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 links to access Lane's Stochastic, Relative Strength Index 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 and getting smaller. 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 January 2, 2026 at 6824.31 and reached 6978.36 on January 9, 2026. ^GSPC gained -154.05 points, or -2.26%, in 7 days. The price is now at the 7.84% 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. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.22
Williams' Percentage Range (W%R) 19.60
Overbought
Lane's Stochastic (%D-Slow) 78.02
Bearish
Greed/Fear Indicator (GFI) 77.22
Moving Average Converg./Diverg. (MACD) 31.63 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.70
Bearish
Williams' Percentage Range (W%R) 8.00
Strong Overbought
Lane's Stochastic (%D-Slow) 84.59
Overbought Bearish
Greed/Fear Indicator (GFI) 77.86
Moving Average Converg./Diverg. (MACD) 194.34
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 7027.64
Upper Bollinger Band 7003.87
Weekly Trendline Resistance 6983.85
Price 6966.28
Daily Stochastic Crossing 6949.90
Weekly Stochastic Crossing 6907.65
Weekly Trendline Support 6883.89
20 Day Moving Average 6874.38
Parabolic System 6871.54
50 Day Moving Average 6818.21
Lower Bollinger Band 6758.18
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 6824.31
Low Date 01/02/2026
High 6978.36
High Date 01/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 6983.85
Support 6883.89
Low 6521.92
Low Date 11/21/2025
High 6978.36
High Date 01/09/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4835.04
Low Date 04/07/2025
High 6978.36
High Date 01/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 7027.64
Support 5259.92
Low 3491.58
Low Date 10/13/2022
High 6978.36
High Date 01/09/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 6978.36
High Date 01/09/2026
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.