S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/07/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
17%
61%
22%
My opinion
Bearish under 5,224.25 USD
My targets
5,190.00 USD (-0.43%)
5,172.25 USD (-0.77%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for S&P500 - MINI S&P500 FULL0624 as long as the price remains well below 5,224.25 USD. The next bearish objective for sellers is set at 5,190.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5,172.25 USD. In case of crossing, the next objective would be the support located at 5,138.00 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 5,190.00 USD. With this support, against the trend traders who want to buy S&P500 - MINI S&P500 FULL0624 on a buy signal from their trading strategy should not hesitate to act.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
1.8
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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 5,212.50 USD. The price registered an increase of +0.12% on the session with the lowest point at 5,202.25 USD and the highest point at 5,226.75 USD. The deviation from the price is +0.20% for the low point and -0.27% for the high point.5,202.25
5,226.75
5,212.50
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of S&P500 - MINI S&P500 FULL0624 indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 5,073.75 | 5,126.97 | 5,155.00 | 5,212.50 | 5,308.50 |
| Change (%) | -2.66% | -1.64% | -1.10% | - | +1.84% |
| Change | -138.75 | -85.53 | -57.50 | - | +96.00 |
| Level | Major | Minor | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,120.25 | 5,138.00 | 5,172.25 | 5,190.00 | 5,224.25 | 5,242.00 | 5,276.25 |
| Camarilla | 5,192.20 | 5,196.97 | 5,201.73 | 5,206.50 | 5,211.27 | 5,216.03 | 5,220.80 |
| Woodie | 5,128.50 | 5,142.13 | 5,180.50 | 5,194.13 | 5,232.50 | 5,246.13 | 5,284.50 |
| Fibonacci | 5,138.00 | 5,157.86 | 5,170.14 | 5,190.00 | 5,209.86 | 5,222.14 | 5,242.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,941.25 | 4,988.75 | 5,071.75 | 5,119.25 | 5,202.25 | 5,249.75 | 5,332.75 |
| Camarilla | 5,118.86 | 5,130.83 | 5,142.79 | 5,154.75 | 5,166.71 | 5,178.68 | 5,190.64 |
| Woodie | 4,959.00 | 4,997.63 | 5,089.50 | 5,128.13 | 5,220.00 | 5,258.63 | 5,350.50 |
| Fibonacci | 4,988.75 | 5,038.60 | 5,069.40 | 5,119.25 | 5,169.10 | 5,199.90 | 5,249.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,558.83 | 4,761.17 | 4,903.83 | 5,106.17 | 5,248.83 | 5,451.17 | 5,593.83 |
| Camarilla | 4,951.63 | 4,983.25 | 5,014.88 | 5,046.50 | 5,078.13 | 5,109.75 | 5,141.38 |
| Woodie | 4,529.00 | 4,746.25 | 4,874.00 | 5,091.25 | 5,219.00 | 5,436.25 | 5,564.00 |
| Fibonacci | 4,761.17 | 4,892.96 | 4,974.38 | 5,106.17 | 5,237.96 | 5,319.38 | 5,451.17 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.12 | |
| MACD (12,26,9): | -0.2700 | |
| Directional Movement: | -11.20 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 5,216.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,224.45 | |
| Elder Ray (13): | -5.37 | |
| Super Trend (3,10): | 5,225.19 | |
| Zig ZAG (10): | 5,211.00 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 19.48 | |
| TEMA (21): | 5,214.08 | |
| Williams %R (14): | -76.47 | |
| Chande Momentum Oscillator (20): | -9.75 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.28 |
| MA7: | 5,132.21 | |
| MA20: | 5,116.56 | |
| MA50: | 5,186.04 | |
| MA100: | 5,072.68 | |
| MAexp7: | 5,212.91 | |
| MAexp20: | 5,215.69 | |
| MAexp50: | 5,213.02 | |
| MAexp100: | 5,204.67 | |
| Price / MA7: | +1.56% | |
| Price / MA20: | +1.88% | |
| Price / MA50: | +0.51% | |
| Price / MA100: | +2.76% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | +0.15% |
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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