The Greedy Trader Weekly Analysis
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- 10/2/2026 -
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SPDRs (SPY) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtTrend resistance at 764.99
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal linePrice is close to the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the SPDRs (SPY). During the week, the SPY gave back -1.71 points, or -0.22%, and closed at 769.64 on Friday, October 2, 2026. Weekly volume was -30% below average.

Long-term trend: [See SPY long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 348.12 and reached 779.37 on August 13, 2026. SPY gained -431.25 points, or -123.88%, in 200 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (764.99). 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 SPY medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 629.28 and reached 779.37 on August 13, 2026. SPY gained -150.09 points, or -23.85%, in 19 weeks. The price is now at the 6.48% retracement level.

Weekly Technical Indicators: [See SPY weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 September 4, 2026. 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 SPY short-term trend chart]
A short-term uptrend had started on September 16, 2026 at 749.60 and reached 775.14 on September 22, 2026. SPY gained -25.54 points, or -3.41%, in 6 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See SPY 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 Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

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

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 58.06
Williams' Percentage Range (W%R) 17.80
Overbought
Lane's Stochastic (%D-Slow) 44.85
Greed/Fear Indicator (GFI) 61.69
Moving Average Converg./Diverg. (MACD) 0.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.77
Williams' Percentage Range (W%R) 14.00
Overbought
Lane's Stochastic (%D-Slow) 71.91
Greed/Fear Indicator (GFI) 70.50
Moving Average Converg./Diverg. (MACD) 19.38
Trading Signals
Description Value Chart
Upper Bollinger Band 775.81
Weekly Stochastic Crossing 770.64
Price 769.64
Quarterly Trendline Resistance 764.99
20 Day Moving Average 764.83
Daily Stochastic Crossing 764.55
50 Day Moving Average 763.70
Parabolic System 758.75
Lower Bollinger Band 755.38
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 749.60
Low Date 09/16/2026
High 775.14
High Date 09/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 629.28
Low Date 03/30/2026
High 779.37
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 481.80
Low Date 04/07/2025
High 779.37
High Date 08/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 764.99
Support 563.36
Low 348.12
Low Date 10/13/2022
High 779.37
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.10
Low Date 03/06/2009
High 779.37
High Date 08/13/2026
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.