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.

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- 6/12/2026 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtTrend resistance at 7380.35
Daily :A Parabolic SAR indicator is below and near the priceThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 47.72 points, or 0.65%, and closed at 7431.46 on Friday, June 12, 2026. ^GSPC was trading at average weekly trading volume.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 3491.58 and reached 7620.90 on June 2, 2026. ^GSPC gained -4129.32 points, or -118.27%, in 189 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (7380.35). 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 March 30, 2026 at 6316.91 and reached 7620.90 on June 2, 2026. ^GSPC gained -1303.99 points, or -20.64%, in 9 weeks. The price is now at the 14.53% retracement level.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly 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 April 24, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 June 2, 2026 at 7620.90 and reached 7237.85 on June 9, 2026. ^GSPC lost 383.05 points, or 5.03%, in 7 days. The price is now at the 50.54% retracement level.

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

The daily MACD line is below its signal line since May 15, 2026. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (7502.42) comes close to the price (7431.46). It indicates that the trend is getting weaker. 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 moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.19
Williams' Percentage Range (W%R) 54.80
Lane's Stochastic (%D-Slow) 30.51
Greed/Fear Indicator (GFI) 40.96
Moving Average Converg./Diverg. (MACD) 72.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.93
Williams' Percentage Range (W%R) 16.10
Overbought
Lane's Stochastic (%D-Slow) 91.08
Strong Overbought
Greed/Fear Indicator (GFI) 79.34
Moving Average Converg./Diverg. (MACD) 154.47
Trading Signals
Description Value Chart
Upper Bollinger Band 7605.85
Weekly Stochastic Crossing 7558.82
Parabolic System 7502.42
20 Day Moving Average 7465.85
Price 7431.46
Quarterly Trendline Resistance 7380.35
Daily Stochastic Crossing 7364.49
50 Day Moving Average 7247.79
Lower Bollinger Band 7234.14
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 7620.90
High Date 06/02/2026
Low 7237.85
Low Date 06/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6316.91
Low Date 03/30/2026
High 7620.90
High Date 06/02/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4835.04
Low Date 04/07/2025
High 7620.90
High Date 06/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 7380.35
Support 5488.38
Low 3491.58
Low Date 10/13/2022
High 7620.90
High Date 06/02/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 7620.90
High Date 06/02/2026
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.