The Greedy Trader Weekly Analysis
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- 4/2/2026 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Broken trend support lineRelative Strength Index is strongly overbought
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 5 consecutive negative weeks for the S&P 500 (^GSPC). During the week, the ^GSPC gained 213.84 points, or 3.36%, and closed at 6582.69 on Thursday, April 2, 2026. It was the best weekly gain since November 28, 2025. Weekly volume was 29% 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 7002.28 on January 28, 2026. ^GSPC gained -3510.70 points, or -100.55%, in 171 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 5382.77 and resistance is at 7192.89. 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 ^GSPC medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 4835.04 and reached 7002.28 on January 28, 2026. ^GSPC gained -2167.24 points, or -44.82%, in 42 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (7466.15) 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 Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index. 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 link to access Relative Strength Index help.

The weekly MACD line is below its signal line since November 14, 2025. The distance between MACD and the signal line is relatively 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 downtrend had started on February 25, 2026 at 6952.51 and reached 6316.91 on March 30, 2026. ^GSPC lost 635.60 points, or 9.14%, in 33 days. The price is now at the 41.82% retracement 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) 47.30
Williams' Percentage Range (W%R) 62.90
Lane's Stochastic (%D-Slow) 45.99
Greed/Fear Indicator (GFI) 43.45
Moving Average Converg./Diverg. (MACD) -88.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 99.88
Strong Overbought
Williams' Percentage Range (W%R) 71.40
Lane's Stochastic (%D-Slow) 24.14
Greed/Fear Indicator (GFI) 32.06
Moving Average Converg./Diverg. (MACD) 110.58
Trading Signals
Description Value Chart
Monthly Trendline Support 7466.15
Quarterly Trendline Resistance 7192.89
Monthly Trendline Resistance 7062.73
Upper Bollinger Band 6854.35
50 Day Moving Average 6783.63
20 Day Moving Average 6607.84
Price 6582.69
Daily Stochastic Crossing 6496.62
Weekly Stochastic Crossing 6445.11
Lower Bollinger Band 6362.63
Parabolic System 6339.78
Quarterly Trendline Support 5382.77
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 6952.51
High Date 02/25/2026
Low 6316.91
Low Date 03/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 7002.28
High Date 01/28/2026
Low 6316.91
Low Date 03/30/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 7062.73
Support 7466.15
Low 4835.04
Low Date 04/07/2025
High 7002.28
High Date 01/28/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 7192.89
Support 5382.77
Low 3491.58
Low Date 10/13/2022
High 7002.28
High Date 01/28/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 7002.28
High Date 01/28/2026
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.