The Greedy Trader Weekly Analysis
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S&P 500
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Summary:
Weekly :
Daily :The price has fallen below the Parabolic SARThe price touches the lower Bollinger Band
Move cursor over the icon to see details.

It was the first negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -60.19 points, or -3.10%, and closed at 1880.05 on Friday, February 05, 2016. Weekly volume was 30% above 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 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 trend support level is at 1260.25 and resistance is at 1986.41. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term downtrend had started on May 20, 2015 at 2134.72 and reached 1812.29 on January 20, 2016. ^GSPC lost 322.43 points, or 15.10%, in 35 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 1810.19 and resistance is at 2044.97. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since December 31, 2015. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 20, 2016 at 1812.29 and reached 1947.20 on February 1, 2016. ^GSPC gained -134.91 points, or -7.44%, in 12 days. The price is now at the 49.77% retracement level.

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

The daily MACD line is above its signal line since January 27, 2016. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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

The price touches the lower Bollinger Band. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.95
Williams' Percentage Range (W%R) 32.00
Lane's Stochastic (%D-Slow) 54.21
Greed/Fear Indicator (GFI) 57.40
Moving Average Converg./Diverg. (MACD) -29.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.58
Williams' Percentage Range (W%R) 66.90
Lane's Stochastic (%D-Slow) 21.86
Greed/Fear Indicator (GFI) 32.17
Moving Average Converg./Diverg. (MACD) -13.87
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 2044.97
50 Day Moving Average 1990.84
Yearly Trendline Resistance 1986.41
Upper Bollinger Band 1969.59
Parabolic System 1946.10
Daily Stochastic Crossing 1905.38
20 Day Moving Average 1902.05
Price 1880.05
Lower Bollinger Band 1874.62
Weekly Stochastic Crossing 1873.59
Quarterly Trendline Support 1810.19
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1947.20
High Date 02/01/2016
Low 1872.23
Low Date 02/03/2016
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1812.29
Low Date 01/20/2016
High 1947.20
High Date 02/01/2016
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1812.29
Low Date 01/20/2016
High 1947.20
High Date 02/01/2016
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 2044.97
Support 1810.19
High 2134.72
High Date 05/20/2015
Low 1812.29
Low Date 01/20/2016
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 1986.41
Support 1260.25
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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