It was a second positive week after 3 consecutive negative weeks for the S&P 500 index (^GSPC). During the week, the ^GSPC climbed 5.04 points, or 0.46%, and closed at 1109.55 on Friday, September 10, 2010. Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Weekly volume was 32% below average. Read More ...
S&P 500 - monthly trend 
The S&P 500 monthly trend has started on April 26, 2010 and is forming a triangle chart pattern. Price is near the trend resistance. ^GSPC has a Downtrend Resistance alert.
More than a half of S&P 500 members have an overbought daily Lane's Stochastic and almost a half has an overbought daily Williams' Percentage Range indicator. Read More ...
More than 10% of S&P 500 index members made a new 52-week high, but almost a half of them closed this week below the previous week's close. This event is called a "buying climax". Read More ...
The S&P 500 members MACD bullish/bearish divergence ratio is 1/3. That means that three times more S&P 500 members have MACD bearish divergence than bullish divergence. The Lane's stochastic bullish/bearish divergence ratio is 3/8. Read More ...
All above technical indicators are bearish. S&P 500 index downtrend may resume soon.
Disclosure: No positions