MICRO E-MINI S&P500 ONLY1224 - 15 min. - Technical analysis published on 11/04/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
MICRO E-MINI S&P500 ONLY1224 Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 5,764.75 USD
My targets
5,725.75 USD (-0.24%)
5,693.25 USD (-0.81%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MICRO E-MINI S&P500 ONLY1224 as long as the price remains well below 5,764.75 USD. The sellers' bearish objective is set at 5,725.75 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5,693.25 USD. In case of crossing, the next objective would be the support located at 5,654.25 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by winewa8300.
Additional analysis
Quotes
The MICRO E-MINI S&P500 ONLY1224 rating is 5,739.75 USD. The price registered a decrease of -0.32% on the session and was traded between 5,724.25 USD and 5,776.50 USD over the period. The price is currently at +0.27% from its lowest and -0.64% from its highest.5,724.25
5,776.50
5,739.75
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on MICRO E-MINI S&P500 ONLY1224 were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 15 min. of this MICRO E-MINI S&P500 ONLY1224 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 15 minutes
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
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 | 5,267.95 | 5,420.97 | 5,730.00 | 5,739.75 | 5,745.53 | 5,801.00 | 5,837.50 |
| Change (%) | -8.22% | -5.55% | -0.17% | - | +0.10% | +1.07% | +1.70% |
| Change | -471.80 | -318.78 | -9.75 | - | +5.78 | +61.25 | +97.75 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 5,654.25 | 5,693.25 | 5,725.75 | 5,764.75 | 5,797.25 | 5,836.25 | 5,868.75 |
| Camarilla | 5,738.59 | 5,745.14 | 5,751.70 | 5,758.25 | 5,764.80 | 5,771.36 | 5,777.91 |
| Woodie | 5,651.00 | 5,691.63 | 5,722.50 | 5,763.13 | 5,794.00 | 5,834.63 | 5,865.50 |
| Fibonacci | 5,693.25 | 5,720.56 | 5,737.44 | 5,764.75 | 5,792.06 | 5,808.94 | 5,836.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,531.50 | 5,630.75 | 5,694.50 | 5,793.75 | 5,857.50 | 5,956.75 | 6,020.50 |
| Camarilla | 5,713.43 | 5,728.37 | 5,743.31 | 5,758.25 | 5,773.19 | 5,788.13 | 5,803.08 |
| Woodie | 5,513.75 | 5,621.88 | 5,676.75 | 5,784.88 | 5,839.75 | 5,947.88 | 6,002.75 |
| Fibonacci | 5,630.75 | 5,693.02 | 5,731.48 | 5,793.75 | 5,856.02 | 5,894.48 | 5,956.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,477.00 | 5,600.75 | 5,679.50 | 5,803.25 | 5,882.00 | 6,005.75 | 6,084.50 |
| Camarilla | 5,702.56 | 5,721.13 | 5,739.69 | 5,758.25 | 5,776.81 | 5,795.38 | 5,813.94 |
| Woodie | 5,454.50 | 5,589.50 | 5,657.00 | 5,792.00 | 5,859.50 | 5,994.50 | 6,062.00 |
| Fibonacci | 5,600.75 | 5,678.11 | 5,725.90 | 5,803.25 | 5,880.61 | 5,928.40 | 6,005.75 |
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): | 27.21 | |
| MACD (12,26,9): | -4.6200 | |
| Directional Movement: | -27.53 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 5,752.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,770.81 | |
| Elder Ray (13): | -20.56 | |
| Super Trend (3,10): | 5,764.42 | |
| Zig ZAG (10): | 5,734.25 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 12.55 | |
| TEMA (21): | 5,744.90 | |
| Williams %R (14): | -87.28 | |
| Chande Momentum Oscillator (20): | -23.75 | |
| Repulse (5,40,3): | -0.2800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.48 |
| MA7: | 5,807.93 | |
| MA20: | 5,845.93 | |
| MA50: | 5,758.34 | |
| MA100: | 5,678.29 | |
| MAexp7: | 5,745.16 | |
| MAexp20: | 5,758.48 | |
| MAexp50: | 5,762.57 | |
| MAexp100: | 5,765.04 | |
| Price / MA7: | -1.17% | |
| Price / MA20: | -1.82% | |
| Price / MA50: | -0.32% | |
| Price / MA100: | +1.08% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.33% | |
| Price / MAexp50: | -0.40% | |
| Price / MAexp100: | -0.44% |
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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