The Greedy Trader Weekly Analysis
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Uptrend Exhaustion

Uptrend Exhaustion 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. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 5/15/2026 -
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S&P 500 (^GSPC) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineTrend resistance at 7307.66
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price
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It was a seventh positive week after 5 consecutive negative weeks for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 9.57 points, or 0.13%, and closed at 7408.50 on Friday, May 15, 2026. Weekly volume was 26% 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 7517.12 on May 14, 2026. ^GSPC gained -4025.54 points, or -115.29%, in 187 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (7307.66). 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 7517.12 on May 14, 2026. ^GSPC gained -1200.21 points, or -19.00%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (7522.12) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 downtrend had started on May 14, 2026 at 7517.12 and reached 7397.50 on May 15, 2026. ^GSPC lost 119.62 points, or 1.59%, in 1 days. The price is now at the 9.20% retracement level.

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 Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since April 1, 2026. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (7390.1) comes close to the price (7408.50). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.49
Williams' Percentage Range (W%R) 15.30
Overbought
Lane's Stochastic (%D-Slow) 87.45
Overbought
Greed/Fear Indicator (GFI) 80.21
Overbought
Moving Average Converg./Diverg. (MACD) 142.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.61
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 96.37
Strong Overbought
Greed/Fear Indicator (GFI) 83.06
Overbought
Moving Average Converg./Diverg. (MACD) 98.63
Trading Signals
Description Value Chart
Weekly Trendline Resistance 7541.32
Weekly Trendline Support 7522.12
Upper Bollinger Band 7510.71
Daily Stochastic Crossing 7484.95
Weekly Stochastic Crossing 7477.16
Price 7408.50
Parabolic System 7390.10
Quarterly Trendline Resistance 7307.66
20 Day Moving Average 7260.06
Lower Bollinger Band 6984.37
50 Day Moving Average 6921.10
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 7517.12
High Date 05/14/2026
Low 7397.50
Low Date 05/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 7541.32
Support 7522.12
Low 6316.91
Low Date 03/30/2026
High 7517.12
High Date 05/14/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4835.04
Low Date 04/07/2025
High 7517.12
High Date 05/14/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 7307.66
Support 5447.43
Low 3491.58
Low Date 10/13/2022
High 7517.12
High Date 05/14/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 666.79
Low Date 03/06/2009
High 7517.12
High Date 05/14/2026
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.