MICRO E-MINI S&P500 FULL0325 - 1H - Technical analysis published on 09/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
78%
0%
22%
My opinion
Bearish under 3,765.00 USD
My targets
3,688.00 USD (-0.94%)
3,658.42 USD (-1.73%)
My analysis
In a bearish trend, the price of MICRO E-MINI S&P500 FULL1222 tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 3,765.00 USD. A bearish break in the support located at 3,688.00 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 3,658.42 USD. Then 3,323.00 USD by extension. It would be safer to wait for a bearish break in the support located at 3,688.00 USD before allowing yourself to re trade short positions (for sale) on MICRO E-MINI S&P500 FULL1222. PS: if there is a bullish break in the resistance located at 3,765.00 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
0
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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 3,723.00 USD. The price has increased by +1.44% since the last closing and was between 3,663.75 USD and 3,725.25 USD. This implies that the price is at +1.62% from its lowest and at -0.06% from its highest.3,663.75
3,725.25
3,723.00
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
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of MICRO E-MINI S&P500 FULL1222 indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 14 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,323.00 | 3,658.42 | 3,688.00 | 3,723.00 | 3,765.00 | 3,844.92 | 3,919.17 |
| Change (%) | -10.74% | -1.73% | -0.94% | - | +1.13% | +3.27% | +5.27% |
| Change | -400.00 | -64.58 | -35.00 | - | +42.00 | +121.92 | +196.17 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,568.50 | 3,613.00 | 3,641.50 | 3,686.00 | 3,714.50 | 3,759.00 | 3,787.50 |
| Camarilla | 3,649.93 | 3,656.62 | 3,663.31 | 3,670.00 | 3,676.69 | 3,683.38 | 3,690.08 |
| Woodie | 3,560.50 | 3,609.00 | 3,633.50 | 3,682.00 | 3,706.50 | 3,755.00 | 3,779.50 |
| Fibonacci | 3,613.00 | 3,640.89 | 3,658.11 | 3,686.00 | 3,713.89 | 3,731.11 | 3,759.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,324.75 | 3,492.50 | 3,600.75 | 3,768.50 | 3,876.75 | 4,044.50 | 4,152.75 |
| Camarilla | 3,633.10 | 3,658.40 | 3,683.70 | 3,709.00 | 3,734.30 | 3,759.60 | 3,784.90 |
| Woodie | 3,295.00 | 3,477.63 | 3,571.00 | 3,753.63 | 3,847.00 | 4,029.63 | 4,123.00 |
| Fibonacci | 3,492.50 | 3,597.93 | 3,663.07 | 3,768.50 | 3,873.93 | 3,939.07 | 4,044.50 |
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): | 55.59 | |
| MACD (12,26,9): | 3.2200 | |
| Directional Movement: | 6.46 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 3,701.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,668.64 | |
| Elder Ray (13): | 10.22 | |
| Super Trend (3,10): | 3,729.13 | |
| Zig ZAG (10): | 3,713.50 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 71.11 | |
| TEMA (21): | 3,712.11 | |
| Williams %R (14): | -19.92 | |
| Chande Momentum Oscillator (20): | 33.75 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.46 |
| MA7: | 3,780.29 | |
| MA20: | 3,909.82 | |
| MA50: | 4,049.66 | |
| MA100: | 3,991.05 | |
| MAexp7: | 3,707.28 | |
| MAexp20: | 3,698.57 | |
| MAexp50: | 3,710.58 | |
| MAexp100: | 3,751.44 | |
| Price / MA7: | -1.52% | |
| Price / MA20: | -4.78% | |
| Price / MA50: | -8.07% | |
| Price / MA100: | -6.72% | |
| Price / MAexp7: | +0.42% | |
| Price / MAexp20: | +0.66% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | -0.76% |
Quotes :
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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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