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.

Archive
- 10/17/2025 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 6803.66
Daily :The price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 111.50 points, or 1.70%, and closed at 6664.01 on Friday, October 17, 2025. It was the best weekly gain since August 8, 2025. Weekly volume was 49% 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 6764.58 on October 9, 2025. ^GSPC gained -3273.00 points, or -93.74%, in 156 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (6803.66). 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 6764.58 on October 9, 2025. ^GSPC gained -1929.54 points, or -39.91%, in 26 weeks. The price is now at the 5.21% retracement level.

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 above its signal line since May 16, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 October 9, 2025 at 6764.58 and reached 6550.78 on October 10, 2025. ^GSPC lost 213.80 points, or 3.16%, in 1 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 6604.79 and resistance is at 6703.89. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.

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

The daily MACD line is below its signal line since October 8, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 2.92% on Friday. It is 53.76% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.25
Williams' Percentage Range (W%R) 70.80
Lane's Stochastic (%D-Slow) 47.64
Greed/Fear Indicator (GFI) 42.37
Moving Average Converg./Diverg. (MACD) 40.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.60
Williams' Percentage Range (W%R) 16.40
Overbought
Lane's Stochastic (%D-Slow) 88.20
Overbought
Greed/Fear Indicator (GFI) 76.50
Moving Average Converg./Diverg. (MACD) 193.13
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 6803.66
Upper Bollinger Band 6747.56
Parabolic System 6736.91
Weekly Stochastic Crossing 6708.86
Weekly Trendline Resistance 6703.89
20 Day Moving Average 6674.42
Price 6664.01
Daily Stochastic Crossing 6652.11
Weekly Trendline Support 6604.79
50 Day Moving Average 6564.04
Lower Bollinger Band 6553.29
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 6593.99
Low Date 10/16/2025
High 6678.88
High Date 10/17/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 6703.89
Support 6604.79
High 6764.58
High Date 10/09/2025
Low 6550.78
Low Date 10/10/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4835.04
Low Date 04/07/2025
High 6764.58
High Date 10/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 6803.66
Support 5137.07
Low 3491.58
Low Date 10/13/2022
High 6764.58
High Date 10/09/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 6764.58
High Date 10/09/2025
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.