MICRO E-MINI S&P500 FULL0325 - 1H - Technical analysis published on 08/02/2022 (GMT)
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- Timeframe : 1H
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- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
78%
6%
My opinion
Bearish under 4,110.38 USD
My targets
4,001.25 USD (-2.12%)
3,979.92 USD (-2.64%)
My analysis
The current short-term bearish acceleration registered on MICRO E-MINI S&P500 FULL0922 should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 4,110.38 USD. Short-term sellers will use the support located at 4,001.25 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 3,979.92 USD. Crossing this support would then open the door for sellers to target 3,941.50 USD. Caution, if there is a return to below 4,110.38 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
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
3.4
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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
MICRO E-MINI S&P500 FULL0922 rating 4,087.75 USD. The price registered a decrease of -0.80% on the session with the lowest point at 4,083.50 USD and the highest point at 4,122.25 USD. The deviation from the price is +0.10% for the low point and -0.84% for the high point.4,083.50
4,122.25
4,087.75
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
Here is a more detailed summary of the historical variations registered by MICRO E-MINI S&P500 FULL0922:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MICRO E-MINI S&P500 FULL0922 in 1H shows a neutral overall trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,941.50 | 3,979.92 | 4,001.25 | 4,087.75 | 4,110.38 | 4,128.25 | 4,147.25 |
| Change (%) | -3.58% | -2.64% | -2.12% | - | +0.55% | +0.99% | +1.46% |
| Change | -146.25 | -107.83 | -86.50 | - | +22.63 | +40.50 | +59.50 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | 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 | 4,045.67 | 4,071.33 | 4,095.92 | 4,121.58 | 4,146.17 | 4,171.83 | 4,196.42 |
| Camarilla | 4,106.68 | 4,111.29 | 4,115.89 | 4,120.50 | 4,125.11 | 4,129.71 | 4,134.32 |
| Woodie | 4,045.13 | 4,071.06 | 4,095.38 | 4,121.31 | 4,145.63 | 4,171.56 | 4,195.88 |
| Fibonacci | 4,071.33 | 4,090.53 | 4,102.39 | 4,121.58 | 4,140.78 | 4,152.64 | 4,171.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,752.42 | 3,832.83 | 3,983.17 | 4,063.58 | 4,213.92 | 4,294.33 | 4,444.67 |
| Camarilla | 4,070.04 | 4,091.20 | 4,112.35 | 4,133.50 | 4,154.65 | 4,175.80 | 4,196.96 |
| Woodie | 3,787.38 | 3,850.31 | 4,018.13 | 4,081.06 | 4,248.88 | 4,311.81 | 4,479.63 |
| Fibonacci | 3,832.83 | 3,920.98 | 3,975.44 | 4,063.58 | 4,151.73 | 4,206.19 | 4,294.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,423.58 | 3,573.67 | 3,847.08 | 3,997.17 | 4,270.58 | 4,420.67 | 4,694.08 |
| Camarilla | 4,004.04 | 4,042.86 | 4,081.68 | 4,120.50 | 4,159.32 | 4,198.14 | 4,236.96 |
| Woodie | 3,485.25 | 3,604.50 | 3,908.75 | 4,028.00 | 4,332.25 | 4,451.50 | 4,755.75 |
| Fibonacci | 3,573.67 | 3,735.44 | 3,835.39 | 3,997.17 | 4,158.94 | 4,258.89 | 4,420.67 |
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): | 34.33 | |
| MACD (12,26,9): | -6.5700 | |
| Directional Movement: | -19.99 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 4,098.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,128.70 | |
| Elder Ray (13): | -13.30 | |
| Super Trend (3,10): | 4,118.96 | |
| Zig ZAG (10): | 4,087.50 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 7.71 | |
| TEMA (21): | 4,088.31 | |
| Williams %R (14): | -92.45 | |
| Chande Momentum Oscillator (20): | -31.25 | |
| Repulse (5,40,3): | -0.2600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.38 |
| MA7: | 4,047.29 | |
| MA20: | 3,941.47 | |
| MA50: | 3,928.77 | |
| MA100: | 4,109.09 | |
| MAexp7: | 4,094.80 | |
| MAexp20: | 4,104.99 | |
| MAexp50: | 4,100.98 | |
| MAexp100: | 4,072.49 | |
| Price / MA7: | +1.00% | |
| Price / MA20: | +3.71% | |
| Price / MA50: | +4.05% | |
| Price / MA100: | -0.52% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.42% | |
| Price / MAexp50: | -0.32% | |
| Price / MAexp100: | +0.37% |
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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