The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend 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 resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 10/16/2026 -
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CME Group Inc. (CME) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtThe price touches the upper Bollinger Band
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It was a second consecutive positive week for the CME Group Inc. (CME). During the week, the CME gained 13.31 points, or 4.74%, and closed at 293.87 on Friday, October 16, 2026. Weekly volume was -22% below average.

Long-term trend: [See CME long-term trend chart]
A long-term uptrend had started on January 23, 2009 at 31.01 and reached 329.16 on March 3, 2026. CME gained -298.15 points, or -961.46%, in 892 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 206.24 and resistance is at 328.06. 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 CME medium-term trend chart]
A medium-term uptrend had started on January 3, 2023 at 166.55 and reached 329.16 on March 3, 2026. CME gained -162.61 points, or -97.63%, in 165 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 229.23 and resistance is at 358.83. 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 medium-term trend.

Weekly Technical Indicators: [See CME weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since August 14, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CME short-term trend chart]
A short-term uptrend had started on September 25, 2026 at 258.87 and reached 293.97 on October 16, 2026. CME gained -35.10 points, or -13.56%, in 21 days. Price is near the trend high.

Daily Technical Indicators: [See CME daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since October 7, 2026. This is an indication that the short-term trend is up.

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) 85.04
Overbought
Williams' Percentage Range (W%R) 6.50
Strong Overbought
Lane's Stochastic (%D-Slow) 88.64
Overbought
Greed/Fear Indicator (GFI) 89.05
Overbought
Moving Average Converg./Diverg. (MACD) 1.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.79
Williams' Percentage Range (W%R) 3.00
Strong Overbought
Lane's Stochastic (%D-Slow) 56.15
Bearish
Greed/Fear Indicator (GFI) 71.45
Moving Average Converg./Diverg. (MACD) -2.91 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 328.06
Upper Bollinger Band 294.51
Price 293.87
Daily Stochastic Crossing 292.01
Monthly Trendline Resistance 279.93
Parabolic System 279.49
Weekly Stochastic Crossing 277.20
50 Day Moving Average 273.77
20 Day Moving Average 272.76
Monthly Trendline Support 268.68
Lower Bollinger Band 258.66
Sector and Industry
Description Name Rank
Sector Financials 4
Industry Financial Exchanges & Data 97
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 258.87
Low Date 09/25/2026
High 293.97
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 218.31
Low Date 06/29/2026
High 293.97
High Date 10/16/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 279.93
Support 268.68
High 329.16
High Date 03/03/2026
Low 218.31
Low Date 06/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 358.83
Support 229.23
Low 166.55
Low Date 01/03/2023
High 329.16
High Date 03/03/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 328.06
Support 206.24
Low 31.01
Low Date 01/23/2009
High 329.16
High Date 03/03/2026
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.