S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/01/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 5,088.83 USD
My targets
5,029.17 USD (-0.35%)
4,991.33 USD (-1.10%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on S&P500 - MINI S&P500 FULL0624 as long as the price remains well below 5,088.83 USD. The next bearish objective for sellers is set at 5,029.17 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4,991.33 USD. If there is any crossing, the next objective would be the support located at 4,931.67 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.4
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This analysis was given by Tallal Khan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
S&P500 - MINI S&P500 FULL0624 rating 5,046.75 USD. On the day, this instrument lost -0.40% and was between 5,037.75 USD and 5,065.50 USD. This implies that the price is at +0.18% from its lowest and at -0.37% from its highest.5,037.75
5,065.50
5,046.75
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead 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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this S&P500 - MINI S&P500 FULL0624 chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently 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
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 5,022.42 | 5,046.75 | 5,058.00 | 5,073.75 | 5,104.90 |
| Change (%) | -1.65% | -0.81% | -0.48% | - | +0.22% | +0.53% | +1.15% |
| Change | -83.25 | -40.75 | -24.33 | - | +11.25 | +27.00 | +58.15 |
| Level | Minor | Minor | Major | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,931.67 | 4,991.33 | 5,029.17 | 5,088.83 | 5,126.67 | 5,186.33 | 5,224.17 |
| Camarilla | 5,040.19 | 5,049.13 | 5,058.06 | 5,067.00 | 5,075.94 | 5,084.88 | 5,093.81 |
| Woodie | 4,920.75 | 4,985.88 | 5,018.25 | 5,083.38 | 5,115.75 | 5,180.88 | 5,213.25 |
| Fibonacci | 4,991.33 | 5,028.58 | 5,051.59 | 5,088.83 | 5,126.08 | 5,149.09 | 5,186.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,902.33 | 4,954.17 | 5,042.83 | 5,094.67 | 5,183.33 | 5,235.17 | 5,323.83 |
| Camarilla | 5,092.86 | 5,105.74 | 5,118.62 | 5,131.50 | 5,144.38 | 5,157.26 | 5,170.14 |
| Woodie | 4,920.75 | 4,963.38 | 5,061.25 | 5,103.88 | 5,201.75 | 5,244.38 | 5,342.25 |
| Fibonacci | 4,954.17 | 5,007.84 | 5,041.00 | 5,094.67 | 5,148.34 | 5,181.50 | 5,235.17 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.47 | |
| MACD (12,26,9): | 0.6600 | |
| Directional Movement: | -3.26 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 5,051.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,060.20 | |
| Elder Ray (13): | 3.28 | |
| Super Trend (3,10): | 5,042.80 | |
| Zig ZAG (10): | 5,056.50 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 62.08 | |
| TEMA (21): | 5,055.19 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 11.25 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.36 |
| MA7: | 5,098.82 | |
| MA20: | 5,131.75 | |
| MA50: | 5,183.49 | |
| MA100: | 5,057.76 | |
| MAexp7: | 5,054.53 | |
| MAexp20: | 5,051.70 | |
| MAexp50: | 5,056.04 | |
| MAexp100: | 5,070.92 | |
| Price / MA7: | -1.02% | |
| Price / MA20: | -1.66% | |
| Price / MA50: | -2.64% | |
| Price / MA100: | -0.22% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.48% |
Quotes :
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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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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