The Greedy Trader Weekly Analysis
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S&P 500
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineDaily  MACD line has moved above its signal lineThe price touches the upper Bollinger Band
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It was a second consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 39.80 points, or 1.53%, and closed at 2642.22 on Friday, December 01, 2017. Weekly volume was 17% above 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 2657.74 on November 30, 2017. ^GSPC gained -1990.95 points, or -298.59%, in 455 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2181.89) 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 February 11, 2016 at 1810.10 and reached 2657.74 on November 30, 2017. ^GSPC gained -847.64 points, or -46.83%, in 94 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 2546.75 and resistance is at 2749.55. 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 medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 29, 2017. 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 March 27, 2017 at 2322.25 and reached 2657.74 on November 30, 2017. ^GSPC gained -335.49 points, or -14.45%, in 248 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (2484.04) 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 short-term trend.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.

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

The price touches the upper 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) 72.61
Williams' Percentage Range (W%R) 12.60
Overbought
Lane's Stochastic (%D-Slow) 88.49
Overbought
Greed/Fear Indicator (GFI) 82.83
Overbought
Moving Average Converg./Diverg. (MACD) 14.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 90.25
Strong Overbought
Williams' Percentage Range (W%R) 5.30
Strong Overbought
Lane's Stochastic (%D-Slow) 92.48
Strong Overbought
Greed/Fear Indicator (GFI) 86.49
Overbought
Moving Average Converg./Diverg. (MACD) 50.45
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 2749.55
Daily Stochastic Crossing 2649.62
Weekly Stochastic Crossing 2648.28
Upper Bollinger Band 2642.69
Price 2642.22
Weekly Trendline Resistance 2610.73
Parabolic System 2597.47
20 Day Moving Average 2597.44
Monthly Trendline Resistance 2579.34
50 Day Moving Average 2567.88
Lower Bollinger Band 2557.19
Quarterly Trendline Support 2546.75
Yearly Trendline Resistance 2518.72
Weekly Trendline Support 2484.04
Monthly Trendline Support 2469.09
Yearly Trendline Support 2181.89
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 2417.35
Low Date 08/21/2017
High 2657.74
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 2610.73
Support 2484.04
Low 2322.25
Low Date 03/27/2017
High 2657.74
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2579.34
Support 2469.09
Low 2083.79
Low Date 11/04/2016
High 2657.74
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2749.55
Support 2546.75
Low 1810.10
Low Date 02/11/2016
High 2657.74
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2518.72
Support 2181.89
Low 666.79
Low Date 03/06/2009
High 2657.74
High Date 11/30/2017
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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