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:
Bullish
Underlying:
Bearish
Technical indicators
17%
28%
56%
My opinion
Bearish under 5,226.25 USD
My targets
5,201.75 USD (-0.13%)
5,189.75 USD (-0.36%)
My analysis
The basic trend is bearish on S&P500 - MINI S&P500 FULL0624 and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 5,226.25 USD. Buyers would then use the next resistance located at 5,238.75 USD as an objective. Crossing it would then enable buyers to target 5,250.75 USD. If there is a return to below the support located at 5,201.75 USD, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 5,189.75 USD and 5,177.25 USD by extension.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
1.1
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 rating is 5,208.75 USD. On the day, this instrument lost -0.10% with the lowest point at 5,188.75 USD and the highest point at 5,218.00 USD. The deviation from the price is +0.39% for the low point and -0.18% for the high point.5,188.75
5,218.00
5,208.75
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 S&P500 - MINI S&P500 FULL0624 in 15 min. shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
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, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5,104.50 | 5,146.42 | 5,202.25 | 5,208.75 | 5,226.75 | 5,308.50 |
| Change (%) | -2.00% | -1.20% | -0.12% | - | +0.35% | +1.92% |
| Change | -104.25 | -62.33 | -6.50 | - | +18.00 | +99.75 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.48 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -7.06 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 5,205.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,216.02 | |
| Elder Ray (13): | -2.00 | |
| Super Trend (3,10): | 5,198.14 | |
| Zig ZAG (10): | 5,203.25 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 39.02 | |
| TEMA (21): | 5,206.86 | |
| Williams %R (14): | -90.91 | |
| Chande Momentum Oscillator (20): | -8.25 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.17 |
| MA7: | 5,140.86 | |
| MA20: | 5,116.39 | |
| MA50: | 5,187.05 | |
| MA100: | 5,076.41 | |
| MAexp7: | 5,205.37 | |
| MAexp20: | 5,206.23 | |
| MAexp50: | 5,207.64 | |
| MAexp100: | 5,207.92 | |
| Price / MA7: | +1.32% | |
| Price / MA20: | +1.81% | |
| Price / MA50: | +0.42% | |
| Price / MA100: | +2.61% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.05% | |
| Price / MAexp50: | +0.02% | |
| Price / MAexp100: | +0.02% |
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.
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