S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/02/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 5,102.92 USD
My targets
5,013.92 USD (-1.07%)
4,981.33 USD (-1.71%)
My analysis
In the short term, we can see an acceleration in the bearish trend on S&P500 - MINI S&P500 FULL0624, which is a positive signal for sellers. As long as the price remains above 5,102.92 USD, a sale could be considered. The first bearish objective is located at 5,013.92 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4,981.33 USD as an objective. Crossing it would then enable sellers to target 4,924.92 USD. If the price were to return above 5,102.92 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
4.6
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This analysis was given by Tallal Khan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 price is 5,068.00 USD. The price has increased by +0.43% since the last closing and was traded between 5,036.25 USD and 5,090.00 USD over the period. The price is currently at +0.63% from its lowest and -0.43% from its highest.5,036.25
5,090.00
5,068.00
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical
Technical analysis of S&P500 - MINI S&P500 FULL0624 in 15 min. shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 15 minutes
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 5,006.00 | 5,022.42 | 5,037.62 | 5,068.00 | 5,073.75 | 5,104.90 | 5,128.85 |
| Change (%) | -1.22% | -0.90% | -0.60% | - | +0.11% | +0.73% | +1.20% |
| Change | -62.00 | -45.58 | -30.38 | - | +5.75 | +36.90 | +60.85 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,924.92 | 4,981.33 | 5,013.92 | 5,070.33 | 5,102.92 | 5,159.33 | 5,191.92 |
| Camarilla | 5,022.03 | 5,030.18 | 5,038.34 | 5,046.50 | 5,054.66 | 5,062.82 | 5,070.98 |
| Woodie | 4,913.00 | 4,975.38 | 5,002.00 | 5,064.38 | 5,091.00 | 5,153.38 | 5,180.00 |
| Fibonacci | 4,981.33 | 5,015.33 | 5,036.34 | 5,070.33 | 5,104.33 | 5,125.34 | 5,159.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,902.33 | 4,954.17 | 5,042.83 | 5,094.67 | 5,183.33 | 5,235.17 | 5,323.83 |
| Camarilla | 5,092.86 | 5,105.74 | 5,118.62 | 5,131.50 | 5,144.38 | 5,157.26 | 5,170.14 |
| Woodie | 4,920.75 | 4,963.38 | 5,061.25 | 5,103.88 | 5,201.75 | 5,244.38 | 5,342.25 |
| Fibonacci | 4,954.17 | 5,007.84 | 5,041.00 | 5,094.67 | 5,148.34 | 5,181.50 | 5,235.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,558.83 | 4,761.17 | 4,903.83 | 5,106.17 | 5,248.83 | 5,451.17 | 5,593.83 |
| Camarilla | 4,951.63 | 4,983.25 | 5,014.88 | 5,046.50 | 5,078.13 | 5,109.75 | 5,141.38 |
| Woodie | 4,529.00 | 4,746.25 | 4,874.00 | 5,091.25 | 5,219.00 | 5,436.25 | 5,564.00 |
| Fibonacci | 4,761.17 | 4,892.96 | 4,974.38 | 5,106.17 | 5,237.96 | 5,319.38 | 5,451.17 |
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): | 48.87 | |
| MACD (12,26,9): | -3.2700 | |
| Directional Movement: | -7.14 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 5,066.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,074.78 | |
| Elder Ray (13): | 1.11 | |
| Super Trend (3,10): | 5,078.37 | |
| Zig ZAG (10): | 5,065.50 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 56.90 | |
| TEMA (21): | 5,061.38 | |
| Williams %R (14): | -50.23 | |
| Chande Momentum Oscillator (20): | -26.00 | |
| Repulse (5,40,3): | -0.0200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.76 |
| MA7: | 5,092.32 | |
| MA20: | 5,124.59 | |
| MA50: | 5,183.39 | |
| MA100: | 5,060.88 | |
| MAexp7: | 5,063.12 | |
| MAexp20: | 5,070.23 | |
| MAexp50: | 5,071.72 | |
| MAexp100: | 5,071.85 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -1.10% | |
| Price / MA50: | -2.23% | |
| Price / MA100: | +0.14% | |
| Price / MAexp7: | +0.10% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.07% | |
| Price / MAexp100: | -0.08% |
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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