S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/17/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
28%
50%
My opinion
Bearish under 5,328.25 USD
My targets
5,307.50 USD (-0.21%)
5,294.75 USD (-0.45%)
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 5,328.25 USD. The next bearish objective for sellers is set at 5,307.50 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5,294.75 USD. If there is any crossing, the next objective would be the support located at 5,274.00 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 neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 rating is 5,318.75 USD. On the day, this instrument lost -0.03% with the lowest point at 5,313.25 USD and the highest point at 5,326.00 USD. The deviation from the price is +0.10% for the low point and -0.14% for the high point.5,313.25
5,326.00
5,318.75
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 15 min. of this S&P500 - MINI S&P500 FULL0624 chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 5,233.00 | 5,264.00 | 5,308.50 | 5,318.75 | 5,349.00 |
| Change (%) | -1.61% | -1.03% | -0.19% | - | +0.57% |
| Change | -85.75 | -54.75 | -10.25 | - | +30.25 |
| Level | Minor | Intermediate | Major | - | Intermediate |
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 | 5,274.00 | 5,294.75 | 5,307.50 | 5,328.25 | 5,341.00 | 5,361.75 | 5,374.50 |
| Camarilla | 5,311.04 | 5,314.11 | 5,317.18 | 5,320.25 | 5,323.32 | 5,326.39 | 5,329.46 |
| Woodie | 5,270.00 | 5,292.75 | 5,303.50 | 5,326.25 | 5,337.00 | 5,359.75 | 5,370.50 |
| Fibonacci | 5,294.75 | 5,307.55 | 5,315.45 | 5,328.25 | 5,341.05 | 5,348.95 | 5,361.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,071.75 | 5,113.75 | 5,180.00 | 5,222.00 | 5,288.25 | 5,330.25 | 5,396.50 |
| Camarilla | 5,216.48 | 5,226.40 | 5,236.33 | 5,246.25 | 5,256.17 | 5,266.10 | 5,276.02 |
| Woodie | 5,083.88 | 5,119.81 | 5,192.13 | 5,228.06 | 5,300.38 | 5,336.31 | 5,408.63 |
| Fibonacci | 5,113.75 | 5,155.10 | 5,180.65 | 5,222.00 | 5,263.35 | 5,288.90 | 5,330.25 |
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): | 46.35 | |
| MACD (12,26,9): | 0.2500 | |
| Directional Movement: | -7.75 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 5,321.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,325.82 | |
| Elder Ray (13): | -2.95 | |
| Super Trend (3,10): | 5,317.07 | |
| Zig ZAG (10): | 5,318.75 | |
| VORTEX (21): | 1.0400 | |
| Stochastique (14,3,5): | 32.84 | |
| TEMA (21): | 5,321.75 | |
| Williams %R (14): | -58.54 | |
| Chande Momentum Oscillator (20): | 1.75 | |
| Repulse (5,40,3): | 0.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.10 |
| MA7: | 5,281.68 | |
| MA20: | 5,179.26 | |
| MA50: | 5,201.10 | |
| MA100: | 5,105.48 | |
| MAexp7: | 5,320.50 | |
| MAexp20: | 5,320.82 | |
| MAexp50: | 5,321.30 | |
| MAexp100: | 5,322.12 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | +2.69% | |
| Price / MA50: | +2.26% | |
| Price / MA100: | +4.18% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.06% |
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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