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- 1/7/2022 -
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S&P 500 (^GSPC)

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Summary:
Weekly :Lane's Stochastic and MACD bearish divergenceWeekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC dropped -89.15 points, or -1.87%, and closed at 4677.03 on Friday, January 7, 2022. Weekly volume was -8% 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 4818.62 on January 4, 2022. ^GSPC gained -4151.83 points, or -622.66%, in 669 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2938.95) 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 4818.62 on January 4, 2022. ^GSPC gained -3008.52 points, or -166.21%, in 307 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (2481.78) 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 medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD 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 link to access Lane's Stochastic help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 4, 2021 at 4278.94 and reached 4818.62 on January 4, 2022. ^GSPC gained -539.68 points, or -12.61%, in 92 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 4600.43 and resistance is at 4825.80. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.07
Williams' Percentage Range (W%R) 42.10
Lane's Stochastic (%D-Slow) 41.40
Greed/Fear Indicator (GFI) 51.80
Moving Average Converg./Diverg. (MACD) 30.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.54
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 78.86
Bearish
Greed/Fear Indicator (GFI) 71.52
Moving Average Converg./Diverg. (MACD) 127.10 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 4840.97
Weekly Trendline Resistance 4825.80
Parabolic System 4808.07
Weekly Stochastic Crossing 4752.14
20 Day Moving Average 4711.66
Daily Stochastic Crossing 4706.56
Price 4677.03
50 Day Moving Average 4674.51
Weekly Trendline Support 4600.43
Lower Bollinger Band 4581.10
Quarterly Trendline Resistance 4054.19
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 4495.12
Low Date 12/03/2021
High 4818.62
High Date 01/04/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 4825.80
Support 4600.43
Low 4278.94
Low Date 10/04/2021
High 4818.62
High Date 01/04/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2191.86
Low Date 03/23/2020
High 4818.62
High Date 01/04/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 4054.19
Support 2481.78
Low 1810.10
Low Date 02/11/2016
High 4818.62
High Date 01/04/2022
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 3292.64
Support 2938.95
Low 666.79
Low Date 03/06/2009
High 4818.62
High Date 01/04/2022
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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