The Greedy Trader Weekly Analysis
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S&P 500
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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.87
Williams' Percentage Range (W%R) 51.30
Lane's Stochastic (%D-Slow) 53.71
Greed/Fear Indicator (GFI) 49.77
Moving Average Converg./Diverg. (MACD) -44.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.82
Williams' Percentage Range (W%R) 57.90
Lane's Stochastic (%D-Slow) 36.50
Greed/Fear Indicator (GFI) 40.80
Moving Average Converg./Diverg. (MACD) 41.37
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 3089.09
Quarterly Trendline Support 2946.18
Upper Bollinger Band 2881.32
50 Day Moving Average 2840.87
20 Day Moving Average 2748.42
Price 2723.06
Daily Stochastic Crossing 2699.51
Weekly Stochastic Crossing 2690.21
Yearly Trendline Resistance 2679.13
Lower Bollinger Band 2624.09
Parabolic System 2615.56
Yearly Trendline Support 2342.31
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 2603.54
Low Date 10/29/2018
High 2756.55
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 2940.91
High Date 09/21/2018
Low 2603.54
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2532.69
Low Date 02/09/2018
High 2940.91
High Date 09/21/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 3089.09
Support 2946.18
Low 1810.10
Low Date 02/11/2016
High 2940.91
High Date 09/21/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2679.13
Support 2342.31
Low 666.79
Low Date 03/06/2009
High 2940.91
High Date 09/21/2018
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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