The Greedy Trader Weekly Analysis
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Archive
- 2/27/2026 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -30.63 points, or -0.44%, and closed at 6878.88 on Friday, February 27, 2026. Weekly volume was 26% above average.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 3491.58 and reached 7002.28 on January 28, 2026. ^GSPC gained -3510.70 points, or -100.55%, in 171 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 5331.04 and resistance is at 7157.31. 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 uptrend had started on April 7, 2025 at 4835.04 and reached 7002.28 on January 28, 2026. ^GSPC gained -2167.24 points, or -44.82%, in 42 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (7211.52) is broken. A broken support is considered to be a long-term bearish signal. 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 support 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 November 14, 2025. 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 uptrend had started on February 17, 2026 at 6775.50 and reached 6952.51 on February 25, 2026. ^GSPC gained -177.01 points, or -2.61%, in 8 days. The chart has formed a Broadening Ascending Wedge chart pattern.

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

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 2.82% on Friday. It is 53.20% lower than one year average. It indicates the period of low volatility of the stock price. 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) 44.94
Williams' Percentage Range (W%R) 62.80
Lane's Stochastic (%D-Slow) 60.23
Greed/Fear Indicator (GFI) 47.45
Moving Average Converg./Diverg. (MACD) -4.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.80
Williams' Percentage Range (W%R) 30.30
Lane's Stochastic (%D-Slow) 67.25
Greed/Fear Indicator (GFI) 62.83
Moving Average Converg./Diverg. (MACD) 168.20
Trading Signals
Description Value Chart
Monthly Trendline Support 7211.52
Quarterly Trendline Resistance 7157.31
Monthly Trendline Resistance 7030.49
Upper Bollinger Band 6992.93
Weekly Stochastic Crossing 6913.90
Daily Stochastic Crossing 6908.85
50 Day Moving Average 6899.87
20 Day Moving Average 6896.07
Price 6878.88
Lower Bollinger Band 6798.92
Parabolic System 6776.00
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 6775.50
Low Date 02/17/2026
High 6952.51
High Date 02/25/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 7002.28
High Date 01/28/2026
Low 6775.50
Low Date 02/17/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 7030.49
Support 7211.52
Low 4835.04
Low Date 04/07/2025
High 7002.28
High Date 01/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 7157.31
Support 5331.04
Low 3491.58
Low Date 10/13/2022
High 7002.28
High Date 01/28/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 7002.28
High Date 01/28/2026
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.