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|It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 64.37 points, or 2.42%, and closed at 2723.06 on Friday, November 02, 2018. Weekly volume was 38% 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 2940.91 on September 21, 2018. ^GSPC gained -2274.12 points, or -341.05%, in 498 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2342.31) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 2940.91 on September 21, 2018. ^GSPC gained -1130.81 points, or -62.47%, in 136 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (2946.18) 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 October 5, 2018. The distance between MACD and the signal line is near its high and 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 October 29, 2018 at 2603.54 and reached 2756.55 on November 2, 2018. ^GSPC gained -153.01 points, or -5.88%, in 4 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
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.