The Greedy Trader Weekly Analysis
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S&P 500
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Summary:
Weekly :Williams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineRelative Strength Index bearish divergence
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It was a third positive week after 3 consecutive negative weeks for the S&P 500 (^GSPC). During the week, the ^GSPC gained 31.84 points, or 1.49%, and closed at 2161.74 on Friday, July 15, 2016. Weekly volume was -10% below average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 666.79 and reached 2169.05 on July 15, 2016. ^GSPC gained -1502.26 points, or -225.30%, in 384 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 1940.57 and resistance is at 2277.40. 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 long-term trend.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 1810.10 and reached 2169.05 on July 15, 2016. ^GSPC gained -358.95 points, or -19.83%, in 22 weeks. Price is near the trend high.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 above its signal line since March 4, 2016. 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 uptrend had started on June 27, 2016 at 1991.68 and reached 2169.05 on July 15, 2016. ^GSPC gained -177.37 points, or -8.91%, in 18 days. Price is near the trend high.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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. Daily Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since June 30, 2016. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.50
Bearish
Williams' Percentage Range (W%R) 2.20
Strong Overbought
Lane's Stochastic (%D-Slow) 94.97
Strong Overbought
Greed/Fear Indicator (GFI) 89.75
Overbought
Moving Average Converg./Diverg. (MACD) 11.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.42
Williams' Percentage Range (W%R) 1.40
Strong Overbought
Lane's Stochastic (%D-Slow) 69.00
Greed/Fear Indicator (GFI) 73.86
Moving Average Converg./Diverg. (MACD) 18.73
Trading Signals
Description Value Chart
Yearly Trendline Resistance 2277.40
Upper Bollinger Band 2196.91
Daily Stochastic Crossing 2164.12
Price 2161.74
Parabolic System 2121.07
Weekly Stochastic Crossing 2119.33
20 Day Moving Average 2098.60
50 Day Moving Average 2086.25
Lower Bollinger Band 2026.98
Yearly Trendline Support 1940.57
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1991.68
Low Date 06/27/2016
High 2169.05
High Date 07/15/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1991.68
Low Date 06/27/2016
High 2169.05
High Date 07/15/2016
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1991.68
Low Date 06/27/2016
High 2169.05
High Date 07/15/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 2169.05
High Date 07/15/2016
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2277.40
Support 1940.57
Low 666.79
Low Date 03/06/2009
High 2169.05
High Date 07/15/2016
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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