MICRO E-MINI S&P500 FULL0325 - 1H - Technical analysis published on 07/01/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 3,766.75 USD
My targets
3,735.92 USD (-0.44%)
3,693.25 USD (-1.57%)
My analysis
MICRO E-MINI S&P500 FULL0922 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 3,766.75 USD. The next support located at 3,735.92 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 3,693.25 USD. Below this support, sellers could then target 3,671.25 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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This analysis was given by sven-pro-trader. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICRO E-MINI S&P500 FULL0922 price is 3,752.25 USD. On the day, this instrument lost -0.98% and was between 3,745.25 USD and 3,793.75 USD. This implies that the price is at +0.19% from its lowest and at -1.09% from its highest.3,745.25
3,793.75
3,752.25
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MICRO E-MINI S&P500 FULL0922 chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,671.25 | 3,693.25 | 3,735.92 | 3,752.25 | 3,766.75 | 3,822.75 | 3,899.81 |
| Change (%) | -2.16% | -1.57% | -0.44% | - | +0.39% | +1.88% | +3.93% |
| Change | -81.00 | -59.00 | -16.33 | - | +14.50 | +70.50 | +147.56 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | 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 | 3,662.33 | 3,701.67 | 3,745.58 | 3,784.92 | 3,828.83 | 3,868.17 | 3,912.08 |
| Camarilla | 3,766.61 | 3,774.24 | 3,781.87 | 3,789.50 | 3,797.13 | 3,804.76 | 3,812.39 |
| Woodie | 3,664.63 | 3,702.81 | 3,747.88 | 3,786.06 | 3,831.13 | 3,869.31 | 3,914.38 |
| Fibonacci | 3,701.67 | 3,733.47 | 3,753.12 | 3,784.92 | 3,816.72 | 3,836.37 | 3,868.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,488.17 | 3,575.08 | 3,745.67 | 3,832.58 | 4,003.17 | 4,090.08 | 4,260.67 |
| Camarilla | 3,845.44 | 3,869.04 | 3,892.65 | 3,916.25 | 3,939.85 | 3,963.46 | 3,987.06 |
| Woodie | 3,530.00 | 3,596.00 | 3,787.50 | 3,853.50 | 4,045.00 | 4,111.00 | 4,302.50 |
| Fibonacci | 3,575.08 | 3,673.45 | 3,734.22 | 3,832.58 | 3,930.95 | 3,991.72 | 4,090.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,341.92 | 3,575.08 | 3,837.42 | 4,070.58 | 4,332.92 | 4,566.08 | 4,828.42 |
| Camarilla | 3,963.49 | 4,008.91 | 4,054.33 | 4,099.75 | 4,145.17 | 4,190.59 | 4,236.01 |
| Woodie | 3,356.50 | 3,582.38 | 3,852.00 | 4,077.88 | 4,347.50 | 4,573.38 | 4,843.00 |
| Fibonacci | 3,575.08 | 3,764.36 | 3,881.30 | 4,070.58 | 4,259.86 | 4,376.80 | 4,566.08 |
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): | 36.49 | |
| MACD (12,26,9): | -11.6200 | |
| Directional Movement: | -15.05 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 3,763.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,814.29 | |
| Elder Ray (13): | -17.00 | |
| Super Trend (3,10): | 3,736.53 | |
| Zig ZAG (10): | 3,755.00 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 15.02 | |
| TEMA (21): | 3,762.58 | |
| Williams %R (14): | -91.48 | |
| Chande Momentum Oscillator (20): | -59.75 | |
| Repulse (5,40,3): | -0.3900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.61 |
| MA7: | 3,829.43 | |
| MA20: | 3,849.89 | |
| MA50: | 3,977.48 | |
| MA100: | 4,184.60 | |
| MAexp7: | 3,769.69 | |
| MAexp20: | 3,778.59 | |
| MAexp50: | 3,800.87 | |
| MAexp100: | 3,815.63 | |
| Price / MA7: | -2.02% | |
| Price / MA20: | -2.54% | |
| Price / MA50: | -5.66% | |
| Price / MA100: | -10.33% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -0.70% | |
| Price / MAexp50: | -1.28% | |
| Price / MAexp100: | -1.66% |
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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