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- 1/10/2020 -
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S&P 500 (^GSPC)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic bearish divergence
Daily :Williams' Percentage Range is strongly overboughtRelative Strength Index and Lane's Stochastic bearish divergenceDaily  MACD line has moved below its signal lineThe price has risen above the Parabolic SARTrend resistance at 3236.65
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 30.50 points, or 0.94%, and closed at 3265.35 on Friday, January 10, 2020. Weekly volume was -34% below 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 3282.99 on January 10, 2020. ^GSPC gained -2616.20 points, or -392.36%, in 566 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2543.27) 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 December 26, 2018 at 2346.58 and reached 3282.99 on January 10, 2020. ^GSPC gained -936.41 points, or -39.91%, in 54 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (3194.60) 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 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. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 25, 2019. 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 August 5, 2019 at 2822.12 and reached 3282.99 on January 10, 2020. ^GSPC gained -460.87 points, or -16.33%, in 158 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (3236.65). 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 short-term trend.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bearish divergence.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.51
Bearish
Williams' Percentage Range (W%R) 0.80
Strong Overbought
Lane's Stochastic (%D-Slow) 75.42
Bearish
Greed/Fear Indicator (GFI) 80.37
Overbought
Moving Average Converg./Diverg. (MACD) 33.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 95.54
Strong Overbought
Williams' Percentage Range (W%R) 0.30
Strong Overbought
Lane's Stochastic (%D-Slow) 95.14
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 88.25
Overbought
Moving Average Converg./Diverg. (MACD) 66.36
Trading Signals
Description Value Chart
Upper Bollinger Band 3278.31
Weekly Stochastic Crossing 3273.90
Daily Stochastic Crossing 3265.75
Price 3265.35
Weekly Trendline Resistance 3236.65
20 Day Moving Average 3224.39
Parabolic System 3218.13
Monthly Trendline Support 3194.60
Monthly Trendline Resistance 3170.76
Lower Bollinger Band 3160.93
50 Day Moving Average 3153.27
Yearly Trendline Resistance 2939.76
Weekly Trendline Support 2912.16
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2855.94
Low Date 10/03/2019
High 3282.99
High Date 01/10/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 3236.65
Support 2912.16
Low 2822.12
Low Date 08/05/2019
High 3282.99
High Date 01/10/2020
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 3170.76
Support 3194.60
Low 2346.58
Low Date 12/26/2018
High 3282.99
High Date 01/10/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 3282.99
High Date 01/10/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2939.76
Support 2543.27
Low 666.79
Low Date 03/06/2009
High 3282.99
High Date 01/10/2020
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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