The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 6/18/2026 -
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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 7395.66
Daily :The price has risen above the Parabolic SAR
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It was a second consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 69.12 points, or 0.93%, and closed at 7500.58 on Thursday, June 18, 2026. Weekly volume was 30% 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 7620.90 on June 2, 2026. ^GSPC gained -4129.32 points, or -118.27%, in 189 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (7395.66). 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 7620.90 on June 2, 2026. ^GSPC gained -1303.99 points, or -20.64%, in 9 weeks. The price is now at the 9.23% retracement level.

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 above its signal line since April 24, 2026. This is an indication that the medium-term trend is up. 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 June 2, 2026 at 7620.90 and reached 7237.85 on June 9, 2026. ^GSPC lost 383.05 points, or 5.03%, in 7 days. The chart has formed a Symmetric Triangle chart pattern.

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

The daily MACD line is below its signal line since May 15, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.94
Williams' Percentage Range (W%R) 34.90
Lane's Stochastic (%D-Slow) 68.68
Greed/Fear Indicator (GFI) 59.92
Moving Average Converg./Diverg. (MACD) 53.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.29
Williams' Percentage Range (W%R) 10.20
Overbought
Lane's Stochastic (%D-Slow) 88.35
Overbought
Greed/Fear Indicator (GFI) 80.94
Overbought
Moving Average Converg./Diverg. (MACD) 164.04
Trading Signals
Description Value Chart
Upper Bollinger Band 7620.82
Weekly Stochastic Crossing 7548.91
Price 7500.58
Daily Stochastic Crossing 7486.83
20 Day Moving Average 7485.26
Quarterly Trendline Resistance 7395.66
50 Day Moving Average 7315.63
Lower Bollinger Band 7265.91
Parabolic System 7251.04
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 7620.90
High Date 06/02/2026
Low 7237.85
Low Date 06/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6316.91
Low Date 03/30/2026
High 7620.90
High Date 06/02/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4835.04
Low Date 04/07/2025
High 7620.90
High Date 06/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 7395.66
Support 5497.00
Low 3491.58
Low Date 10/13/2022
High 7620.90
High Date 06/02/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 7620.90
High Date 06/02/2026
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.