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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- 1/16/2026 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 7047.28Trend support at 6940.15
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe period of low volatility of the stock price
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It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -26.27 points, or -0.38%, and closed at 6940.01 on Friday, January 16, 2026. Weekly volume was 28% 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 6986.33 on January 12, 2026. ^GSPC gained -3494.75 points, or -100.09%, in 169 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (7047.28). 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 November 21, 2025 at 6521.92 and reached 6986.33 on January 12, 2026. ^GSPC gained -464.41 points, or -7.12%, in 7 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (6940.15) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 14, 2025. The distance between MACD and the signal line is low and getting smaller. 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 January 2, 2026 at 6824.31 and reached 6986.33 on January 12, 2026. ^GSPC gained -162.02 points, or -2.37%, in 10 days. The price is now at the 28.59% retracement level.

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

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.

The distance between the Bollinger Bands is falling, and it was 2.8% on Friday. It is 54.88% lower than one year average. It indicates the period of low volatility of the stock price. 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) 51.49
Williams' Percentage Range (W%R) 11.30
Overbought
Lane's Stochastic (%D-Slow) 71.19
Greed/Fear Indicator (GFI) 70.45
Moving Average Converg./Diverg. (MACD) 35.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.79
Williams' Percentage Range (W%R) 4.10
Strong Overbought
Lane's Stochastic (%D-Slow) 86.06
Overbought
Greed/Fear Indicator (GFI) 78.85
Moving Average Converg./Diverg. (MACD) 192.28
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 7047.28
Weekly Trendline Resistance 7005.00
Upper Bollinger Band 7003.97
Parabolic System 6989.06
Daily Stochastic Crossing 6951.51
Weekly Trendline Support 6940.15
Price 6940.01
Weekly Stochastic Crossing 6936.59
20 Day Moving Average 6908.66
50 Day Moving Average 6829.72
Lower Bollinger Band 6809.39
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 6824.31
Low Date 01/02/2026
High 6986.33
High Date 01/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 7005.00
Support 6940.15
Low 6521.92
Low Date 11/21/2025
High 6986.33
High Date 01/12/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4835.04
Low Date 04/07/2025
High 6986.33
High Date 01/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 7047.28
Support 5270.69
Low 3491.58
Low Date 10/13/2022
High 6986.33
High Date 01/12/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 6986.33
High Date 01/12/2026
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.