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Downtrend Broken Resist.Archive
- 7/24/2026 -
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S&P 500 (^GSPC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -45.71 points, or -0.61%, and closed at 7411.98 on Friday, July 24, 2026. Weekly volume was -9% below 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 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 (7487.47). 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 16.02% retracement level.
 Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 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 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 July 15, 2026 at 7581.50 and reached 7376.00 on July 23, 2026. ^GSPC lost 205.50 points, or 2.71%, in 8 days. The price is now at the 17.51% 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 July 16, 2026. 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.
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.
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