S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/08/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 5,214.25 USD
My targets
5,177.25 USD (-0.31%)
5,146.42 USD (-0.91%)
My analysis
S&P500 - MINI S&P500 FULL0624 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5,214.25 USD. The next support located at 5,177.25 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5,146.42 USD. Below this support, sellers could then target 5,104.50 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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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 5,193.50 USD. The price registered a decrease of -0.39% on the session with the lowest point at 5,188.75 USD and the highest point at 5,218.00 USD. The deviation from the price is +0.09% for the low point and -0.47% for the high point.5,188.75
5,218.00
5,193.50
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of S&P500 - MINI S&P500 FULL0624 in 15 min. shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,073.75 | 5,104.50 | 5,146.42 | 5,193.50 | 5,202.25 | 5,226.75 | 5,308.50 |
| Change (%) | -2.31% | -1.71% | -0.91% | - | +0.17% | +0.64% | +2.21% |
| Change | -119.75 | -89.00 | -47.08 | - | +8.75 | +33.25 | +115.00 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Major |
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 | 5,177.25 | 5,189.75 | 5,201.75 | 5,214.25 | 5,226.25 | 5,238.75 | 5,250.75 |
| Camarilla | 5,207.01 | 5,209.26 | 5,211.50 | 5,213.75 | 5,216.00 | 5,218.24 | 5,220.49 |
| Woodie | 5,177.00 | 5,189.63 | 5,201.50 | 5,214.13 | 5,226.00 | 5,238.63 | 5,250.50 |
| Fibonacci | 5,189.75 | 5,199.11 | 5,204.89 | 5,214.25 | 5,223.61 | 5,229.39 | 5,238.75 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 23.83 | |
| MACD (12,26,9): | -4.8100 | |
| Directional Movement: | -35.48 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 5,199.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,203.37 | |
| Elder Ray (13): | -9.32 | |
| Super Trend (3,10): | 5,204.32 | |
| Zig ZAG (10): | 5,192.50 | |
| VORTEX (21): | 0.6800 | |
| Stochastique (14,3,5): | 12.58 | |
| TEMA (21): | 5,196.00 | |
| Williams %R (14): | -81.31 | |
| Chande Momentum Oscillator (20): | -17.25 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.62 |
| MA7: | 5,139.11 | |
| MA20: | 5,115.84 | |
| MA50: | 5,186.82 | |
| MA100: | 5,076.30 | |
| MAexp7: | 5,197.16 | |
| MAexp20: | 5,204.89 | |
| MAexp50: | 5,209.25 | |
| MAexp100: | 5,208.95 | |
| Price / MA7: | +1.06% | |
| Price / MA20: | +1.52% | |
| Price / MA50: | +0.13% | |
| Price / MA100: | +2.31% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.30% |
Quotes :
-
10 min delayed data
-
CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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