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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- 7/10/2026 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 7449.22
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC gained 92.15 points, or 1.23%, and closed at 7575.39 on Friday, July 10, 2026. Weekly volume was -16% 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 (7449.22). 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. Price is near the trend high.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 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. 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 June 9, 2026 at 7237.85 and reached 7579.93 on July 10, 2026. ^GSPC gained -342.08 points, or -4.73%, in 31 days. Price is near the trend high.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.34
Williams' Percentage Range (W%R) 10.00
Overbought
Lane's Stochastic (%D-Slow) 88.90
Overbought
Greed/Fear Indicator (GFI) 78.74
Moving Average Converg./Diverg. (MACD) 25.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.57
Williams' Percentage Range (W%R) 5.60
Strong Overbought
Lane's Stochastic (%D-Slow) 73.80
Bearish
Greed/Fear Indicator (GFI) 76.35
Moving Average Converg./Diverg. (MACD) 185.02 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 7608.82
Price 7575.39
Daily Stochastic Crossing 7560.13
Weekly Stochastic Crossing 7515.65
20 Day Moving Average 7463.47
Parabolic System 7456.79
Quarterly Trendline Resistance 7449.22
50 Day Moving Average 7433.12
Lower Bollinger Band 7336.62
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 7237.85
Low Date 06/09/2026
High 7579.93
High Date 07/10/2026
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 7449.22
Support 5527.18
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.