The Greedy Trader Weekly Analysis
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S&P 500
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtRelative Strength Index bearish divergence
Daily :Williams' Percentage Range is overbought20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal linePrice is near the Fibonacci 61.8% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 15.88 points, or 0.76%, and closed at 2109.99 on Friday, June 19, 2015. It was the best weekly gain since April 24, 2015. ^GSPC was trading at average weekly trading volume.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on February 10, 1995 at 479.53 and reached 2134.72 on May 20, 2015. ^GSPC gained -1655.19 points, or -345.17%, in 1057 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (1238.28) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken 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 2134.72 on May 20, 2015. ^GSPC gained -1467.93 points, or -220.15%, in 323 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2005.82) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

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. Weekly 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 weekly Relative Strength Index 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 Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 6, 2015. 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 downtrend had started on May 20, 2015 at 2134.72 and reached 2072.14 on June 9, 2015. ^GSPC lost 62.58 points, or 2.93%, in 20 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance 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.

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

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 49.39
Williams' Percentage Range (W%R) 18.50
Overbought
Lane's Stochastic (%D-Slow) 61.30
Greed/Fear Indicator (GFI) 64.06
Moving Average Converg./Diverg. (MACD) -1.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.19
Bearish
Williams' Percentage Range (W%R) 8.90
Strong Overbought
Lane's Stochastic (%D-Slow) 66.17
Greed/Fear Indicator (GFI) 70.42
Moving Average Converg./Diverg. (MACD) 26.54
Trading Signals
Description Value Chart
Monthly Trendline Resistance 2223.41
Monthly Trendline Support 2132.14
Upper Bollinger Band 2130.78
Daily Stochastic Crossing 2110.65
Price 2109.99
Weekly Stochastic Crossing 2107.38
50 Day Moving Average 2105.57
20 Day Moving Average 2104.30
Parabolic System 2085.84
Quarterly Trendline Resistance 2084.46
Lower Bollinger Band 2076.88
Quarterly Trendline Support 2005.82
Yearly Trendline Resistance 1949.61
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 2134.72
High Date 05/20/2015
Low 2072.14
Low Date 06/09/2015
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 2134.72
High Date 05/20/2015
Low 2072.14
Low Date 06/09/2015
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 2223.41
Support 2132.14
Low 1266.74
Low Date 06/04/2012
High 2134.72
High Date 05/20/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2084.46
Support 2005.82
Low 666.79
Low Date 03/06/2009
High 2134.72
High Date 05/20/2015
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 1949.61
Support 1238.28
Low 479.53
Low Date 02/10/1995
High 2134.72
High Date 05/20/2015
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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