S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 04/25/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 5,102.83 USD
My targets
5,046.33 USD (-0.39%)
5,020.42 USD (-0.90%)
My analysis
In a bearish trend, the price of S&P500 - MINI S&P500 FULL0624 tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 5,102.83 USD. A bearish break in the support located at 5,046.33 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 5,020.42 USD. Then 5,006.00 USD by extension. It would be safer to wait for a bearish break in the support located at 5,046.33 USD before allowing yourself to re trade short positions (for sale) on S&P500 - MINI S&P500 FULL0624. PS: if there is a bullish break in the resistance located at 5,102.83 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 rating is 5,066.00 USD. On the day, this instrument lost -0.81% and was traded between 5,022.25 USD and 5,082.50 USD over the period. The price is currently at +0.87% from its lowest and -0.32% from its highest.5,022.25
5,082.50
5,066.00
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of S&P500 - MINI S&P500 FULL0624 in 15 min. shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,963.50 | 5,006.00 | 5,047.75 | 5,066.00 | 5,073.75 | 5,124.25 | 5,150.00 |
| Change (%) | -2.02% | -1.18% | -0.36% | - | +0.15% | +1.15% | +1.66% |
| Change | -102.50 | -60.00 | -18.25 | - | +7.75 | +58.25 | +84.00 |
| Level | Intermediate | Intermediate | Minor | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,020.42 | 5,046.33 | 5,076.92 | 5,102.83 | 5,133.42 | 5,159.33 | 5,189.92 |
| Camarilla | 5,091.96 | 5,097.14 | 5,102.32 | 5,107.50 | 5,112.68 | 5,117.86 | 5,123.04 |
| Woodie | 5,022.75 | 5,047.50 | 5,079.25 | 5,104.00 | 5,135.75 | 5,160.50 | 5,192.25 |
| Fibonacci | 5,046.33 | 5,067.92 | 5,081.25 | 5,102.83 | 5,124.42 | 5,137.75 | 5,159.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,657.33 | 4,810.42 | 4,907.08 | 5,060.17 | 5,156.83 | 5,309.92 | 5,406.58 |
| Camarilla | 4,935.07 | 4,957.96 | 4,980.86 | 5,003.75 | 5,026.64 | 5,049.54 | 5,072.43 |
| Woodie | 4,629.13 | 4,796.31 | 4,878.88 | 5,046.06 | 5,128.63 | 5,295.81 | 5,378.38 |
| Fibonacci | 4,810.42 | 4,905.82 | 4,964.76 | 5,060.17 | 5,155.57 | 5,214.51 | 5,309.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,964.25 | 5,045.75 | 5,170.50 | 5,252.00 | 5,376.75 | 5,458.25 | 5,583.00 |
| Camarilla | 5,238.53 | 5,257.44 | 5,276.34 | 5,295.25 | 5,314.16 | 5,333.06 | 5,351.97 |
| Woodie | 4,985.88 | 5,056.56 | 5,192.13 | 5,262.81 | 5,398.38 | 5,469.06 | 5,604.63 |
| Fibonacci | 5,045.75 | 5,124.54 | 5,173.21 | 5,252.00 | 5,330.79 | 5,379.46 | 5,458.25 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.33 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | 2.66 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 5,051.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,035.79 | |
| Elder Ray (13): | 6.29 | |
| Super Trend (3,10): | 5,037.68 | |
| Zig ZAG (10): | 5,062.75 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 87.01 | |
| TEMA (21): | 5,056.89 | |
| Williams %R (14): | -18.78 | |
| Chande Momentum Oscillator (20): | 19.00 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.67 |
| MA7: | 5,063.04 | |
| MA20: | 5,167.25 | |
| MA50: | 5,181.86 | |
| MA100: | 5,041.51 | |
| MAexp7: | 5,059.42 | |
| MAexp20: | 5,054.37 | |
| MAexp50: | 5,061.38 | |
| MAexp100: | 5,070.96 | |
| Price / MA7: | +0.06% | |
| Price / MA20: | -1.96% | |
| Price / MA50: | -2.24% | |
| Price / MA100: | +0.49% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | -0.10% |
Quotes :
-
10 min delayed data
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CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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