MICRO E-MINI S&P500 FULL0325 - 1H - Technical analysis published on 09/28/2022 (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:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 3,658.42 USD
My targets
3,600.75 USD (-1.04%)
3,492.50 USD (-4.02%)
My analysis
The bearish trend is currently very strong for MICRO E-MINI S&P500 FULL1222. As long as the price remains below the resistance at 3,658.42 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 3,600.75 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,492.50 USD as an objective. Crossing it would then enable sellers to target 3,323.00 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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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 3,638.75 USD. The price is lower by -0.61% since the last closing and was traded between 3,613.50 USD and 3,675.00 USD over the period. The price is currently at +0.70% from its lowest and -0.99% from its highest.3,613.50
3,675.00
3,638.75
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MICRO E-MINI S&P500 FULL1222:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MICRO E-MINI S&P500 FULL1222 in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 7 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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 | 2,155.50 | 2,870.12 | 3,323.00 | 3,638.75 | 3,658.42 | 3,688.00 | 3,731.67 |
| Change (%) | -40.76% | -21.12% | -8.68% | - | +0.54% | +1.35% | +2.55% |
| Change | -1,483.25 | -768.63 | -315.75 | - | +19.67 | +49.25 | +92.92 |
| Level | Major | Major | Intermediate | - | Intermediate | Major | 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 | 3,523.08 | 3,579.17 | 3,620.08 | 3,676.17 | 3,717.08 | 3,773.17 | 3,814.08 |
| Camarilla | 3,634.33 | 3,643.22 | 3,652.11 | 3,661.00 | 3,669.89 | 3,678.78 | 3,687.68 |
| Woodie | 3,515.50 | 3,575.38 | 3,612.50 | 3,672.38 | 3,709.50 | 3,769.38 | 3,806.50 |
| Fibonacci | 3,579.17 | 3,616.22 | 3,639.11 | 3,676.17 | 3,713.22 | 3,736.11 | 3,773.17 |
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 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): | 43.95 | |
| MACD (12,26,9): | -13.3000 | |
| Directional Movement: | -3.30 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 3,633.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,613.50 | |
| Elder Ray (13): | -1.60 | |
| Super Trend (3,10): | 3,686.13 | |
| Zig ZAG (10): | 3,640.50 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 36.59 | |
| TEMA (21): | 3,630.11 | |
| Williams %R (14): | -53.66 | |
| Chande Momentum Oscillator (20): | -22.00 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 1.55 |
| MA7: | 3,733.79 | |
| MA20: | 3,890.90 | |
| MA50: | 4,041.97 | |
| MA100: | 3,987.49 | |
| MAexp7: | 3,640.22 | |
| MAexp20: | 3,651.43 | |
| MAexp50: | 3,675.42 | |
| MAexp100: | 3,714.97 | |
| Price / MA7: | -2.55% | |
| Price / MA20: | -6.48% | |
| Price / MA50: | -9.98% | |
| Price / MA100: | -8.75% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.35% | |
| Price / MAexp50: | -1.00% | |
| Price / MAexp100: | -2.06% |
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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