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S&P400 - MINI S&P400 FULL0624
S&P400 - MINI S&P400 FULL0624
- USD (-)
- 10 min delayed data - CME E-mini Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: MCXXXX
ISIN: MCXXXX

S&P400 - MINI S&P400 FULL0624 - Daily - Technical analysis published on 04/07/2022 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Bearish
Underlying: Bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 2,675.91 USD
My targets
2,522.40 USD (-2.82%)
2,229.73 USD (-14.10%)
My analysis
All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on S&P400 - MINI S&P400 FULL0622 as long as the price remains well below 2,675.91 USD. The next bearish objective for sellers is set at 2,522.40 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 2,229.73 USD. If there is any crossing, the next objective would be the support located at 2,053.70 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

S&P400 - MINI S&P400 FULL0622 rating 2,595.70 USD. The price registered a decrease of -0.89% on the session with the lowest point at 2,578.70 USD and the highest point at 2,631.10 USD. The deviation from the price is +0.66% for the low point and -1.35% for the high point.

2,578.70
2,631.10
2,595.70

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of S&P400 - MINI S&P400 FULL0622 in Daily shows an overall bearish trend. The signals given by moving averages are at 75.00% bearish. This bearish trend shows slight signs of slowing down given the slightly bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 5 are bullish, 5 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily



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
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,053.70 2,522.40 2,574.80 2,595.70 2,616.50 2,675.91 2,769.10
Change (%) -20.88% -2.82% -0.81% - +0.80% +3.09% +6.68%
Change -542.00 -73.30 -20.90 - +20.80 +80.21 +173.40
Level Intermediate Intermediate Major - Major 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
Standard2,541.032,571.572,595.332,625.872,649.632,680.172,703.93
Camarilla2,604.172,609.152,614.122,619.102,624.082,629.062,634.03
Woodie2,537.652,569.882,591.952,624.182,646.252,678.482,700.55
Fibonacci2,571.572,592.312,605.122,625.872,646.612,659.422,680.17


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,562.072,619.032,662.272,719.232,762.472,819.432,862.67
Camarilla2,677.952,687.132,696.322,705.502,714.692,723.872,733.06
Woodie2,555.202,615.602,655.402,715.802,755.602,816.002,855.80
Fibonacci2,619.032,657.312,680.962,719.232,757.512,781.162,819.43


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,229.732,353.172,529.332,652.772,828.932,952.373,128.53
Camarilla2,623.112,650.572,678.042,705.502,732.962,760.432,787.89
Woodie2,256.102,366.352,555.702,665.952,855.302,965.553,154.90
Fibonacci2,353.172,467.612,538.322,652.772,767.212,837.922,952.37

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): 42.38
MACD (12,26,9): 5.0400
Directional Movement: -8.09
AROON (14): -50.00
DEMA (21): 2,672.34
Parabolic SAR (0,02-0,02-0,2): 2,766.69
Elder Ray (13): -59.58
Super Trend (3,10): 2,559.60
Zig ZAG (10): 2,595.90
VORTEX (21): 1.0600
Stochastique (14,3,5): 9.66
TEMA (21): 2,675.22
Williams %R (14): -90.48
Chande Momentum Oscillator (20): -109.90
Repulse (5,40,3): -2.9900
ROCnROLL: 2
TRIX (15,9): 0.1000
Courbe Coppock: 2.26
MA7: 2,670.26
MA20: 2,666.08
MA50: 2,638.54
MA100: 2,695.62
MAexp7: 2,654.83
MAexp20: 2,662.03
MAexp50: 2,660.52
MAexp100: 2,678.09
Price / MA7: -2.79%
Price / MA20: -2.64%
Price / MA50: -1.62%
Price / MA100: -3.71%
Price / MAexp7: -2.23%
Price / MAexp20: -2.49%
Price / MAexp50: -2.44%
Price / MAexp100: -3.08%

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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Londinia
Londinia AI

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