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Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 1/30/2026 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 7082.65
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 23.42 points, or 0.34%, and closed at 6939.03 on Friday, January 30, 2026. Weekly volume was 30% 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 price is near the trend resistance line (7082.65). 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 ^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 (7009.95) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 14, 2025. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See ^GSPC short-term trend chart]
A short-term downtrend had started on January 28, 2026 at 7002.28 and reached 6870.80 on January 29, 2026. ^GSPC lost 131.48 points, or 1.88%, in 1 days. The price is now at the 51.89% retracement level.

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

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.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (2.55%) is close to one year low (2.36%). It is 58.32% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 46.96
Williams' Percentage Range (W%R) 25.80
Lane's Stochastic (%D-Slow) 84.03
Overbought
Greed/Fear Indicator (GFI) 68.40
Moving Average Converg./Diverg. (MACD) 24.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.65
Williams' Percentage Range (W%R) 10.60
Overbought
Lane's Stochastic (%D-Slow) 88.76
Overbought
Greed/Fear Indicator (GFI) 76.70
Moving Average Converg./Diverg. (MACD) 186.97
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 7082.65
Upper Bollinger Band 7010.94
Monthly Trendline Support 7009.95
Monthly Trendline Resistance 7004.97
Daily Stochastic Crossing 6971.82
Weekly Stochastic Crossing 6969.70
Price 6939.03
20 Day Moving Average 6929.12
50 Day Moving Average 6857.66
Lower Bollinger Band 6834.04
Parabolic System 6826.40
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 7002.28
High Date 01/28/2026
Low 6870.80
Low Date 01/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 7002.28
High Date 01/28/2026
Low 6870.80
Low Date 01/29/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 7004.97
Support 7009.95
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 Test Resistance
Resistance 7082.65
Support 5290.09
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.