MICRO E-MINI S&P500 FULL0325 - 1H - Technical analysis published on 09/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 3,854.17 USD
My targets
3,769.17 USD (-0.98%)
3,688.00 USD (-3.11%)
My analysis
The bearish basic trend is very strong on MICRO E-MINI S&P500 FULL1222 but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 3,854.17 USD. Crossing the first support at 3,769.17 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 3,688.00 USD as an objective. Crossing it would then enable sellers to target 3,323.00 USD. Caution, a return to above the resistance located at 3,854.17 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
3.2
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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 FULL1222 rating 3,806.50 USD. The price registered an increase of +0.01% on the session and was traded between 3,766.75 USD and 3,833.00 USD over the period. The price is currently at +1.06% from its lowest and -0.69% from its highest.3,766.75
3,833.00
3,806.50
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MICRO E-MINI S&P500 FULL1222 chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,870.12 | 3,323.00 | 3,688.00 | 3,806.50 | 3,854.17 | 3,919.17 | 4,104.75 |
| Change (%) | -24.60% | -12.70% | -3.11% | - | +1.25% | +2.96% | +7.84% |
| Change | -936.38 | -483.50 | -118.50 | - | +47.67 | +112.67 | +298.25 |
| Level | Major | Intermediate | Major | - | Intermediate | Major | Minor |
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 | 3,623.75 | 3,707.75 | 3,757.00 | 3,841.00 | 3,890.25 | 3,974.25 | 4,023.50 |
| Camarilla | 3,769.61 | 3,781.82 | 3,794.04 | 3,806.25 | 3,818.47 | 3,830.68 | 3,842.89 |
| Woodie | 3,606.38 | 3,699.06 | 3,739.63 | 3,832.31 | 3,872.88 | 3,965.56 | 4,006.13 |
| Fibonacci | 3,707.75 | 3,758.65 | 3,790.10 | 3,841.00 | 3,891.90 | 3,923.35 | 3,974.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,443.67 | 3,648.33 | 3,769.17 | 3,973.83 | 4,094.67 | 4,299.33 | 4,420.17 |
| Camarilla | 3,800.49 | 3,830.33 | 3,860.16 | 3,890.00 | 3,919.84 | 3,949.68 | 3,979.51 |
| Woodie | 3,401.75 | 3,627.38 | 3,727.25 | 3,952.88 | 4,052.75 | 4,278.38 | 4,378.25 |
| Fibonacci | 3,648.33 | 3,772.67 | 3,849.49 | 3,973.83 | 4,098.17 | 4,174.99 | 4,299.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,398.00 | 3,659.00 | 3,822.25 | 4,083.25 | 4,246.50 | 4,507.50 | 4,670.75 |
| Camarilla | 3,868.83 | 3,907.72 | 3,946.61 | 3,985.50 | 4,024.39 | 4,063.28 | 4,102.17 |
| Woodie | 3,349.13 | 3,634.56 | 3,773.38 | 4,058.81 | 4,197.63 | 4,483.06 | 4,621.88 |
| Fibonacci | 3,659.00 | 3,821.06 | 3,921.19 | 4,083.25 | 4,245.31 | 4,345.44 | 4,507.50 |
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): | 48.38 | |
| MACD (12,26,9): | -14.0400 | |
| Directional Movement: | -3.96 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 3,795.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,777.54 | |
| Elder Ray (13): | 1.27 | |
| Super Trend (3,10): | 3,839.57 | |
| Zig ZAG (10): | 3,817.00 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 69.81 | |
| TEMA (21): | 3,794.97 | |
| Williams %R (14): | -26.04 | |
| Chande Momentum Oscillator (20): | 40.75 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.23 |
| MA7: | 3,882.96 | |
| MA20: | 3,964.01 | |
| MA50: | 4,062.49 | |
| MA100: | 4,002.20 | |
| MAexp7: | 3,808.08 | |
| MAexp20: | 3,816.54 | |
| MAexp50: | 3,844.33 | |
| MAexp100: | 3,873.97 | |
| Price / MA7: | -1.97% | |
| Price / MA20: | -3.97% | |
| Price / MA50: | -6.30% | |
| Price / MA100: | -4.89% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | -0.26% | |
| Price / MAexp50: | -0.98% | |
| Price / MAexp100: | -1.74% |
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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