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 overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a third consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 33.34 points, or 1.71%, and closed at 1988.40 on Friday, August 22, 2014. It was the best weekly gain since April 17, 2014. Weekly volume was -18% below average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on February 10, 1995 at 479.53 and reached 1994.76 on August 21, 2014. ^GSPC gained -1515.23 points, or -315.98%, in 1018 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1209.68) 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 1994.76 on August 21, 2014. ^GSPC gained -1327.97 points, or -199.16%, in 284 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1703.73) 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. 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 below its signal line since August 1, 2014. 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 August 7, 2014 at 1904.78 and reached 1994.76 on August 21, 2014. ^GSPC gained -89.98 points, or -4.72%, in 14 days. The price is now at the 7.07% retracement level.

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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since August 14, 2014. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 70.11
Williams' Percentage Range (W%R) 2.40
Strong Overbought
Lane's Stochastic (%D-Slow) 96.53
Strong Overbought
Greed/Fear Indicator (GFI) 88.08
Overbought
Moving Average Converg./Diverg. (MACD) 0.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.53
Williams' Percentage Range (W%R) 1.20
Strong Overbought
Lane's Stochastic (%D-Slow) 60.74
Greed/Fear Indicator (GFI) 72.28
Moving Average Converg./Diverg. (MACD) 41.61
Trading Signals
Description Value Chart
Monthly Trendline Resistance 2015.60
Upper Bollinger Band 2012.88
Daily Stochastic Crossing 1992.25
Price 1988.40
50 Day Moving Average 1960.96
Parabolic System 1956.82
Monthly Trendline Support 1953.95
20 Day Moving Average 1952.18
Weekly Stochastic Crossing 1951.92
Lower Bollinger Band 1911.01
Quarterly Trendline Resistance 1895.18
Yearly Trendline Resistance 1817.66
Quarterly Trendline Support 1703.73
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 1904.78
Low Date 08/07/2014
High 1994.76
High Date 08/21/2014
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1904.78
Low Date 08/07/2014
High 1994.76
High Date 08/21/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2015.60
Support 1953.95
Low 1266.74
Low Date 06/04/2012
High 1994.76
High Date 08/21/2014
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1895.18
Support 1703.73
Low 666.79
Low Date 03/06/2009
High 1994.76
High Date 08/21/2014
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 1817.66
Support 1209.68
Low 479.53
Low Date 02/10/1995
High 1994.76
High Date 08/21/2014
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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