S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/17/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 5,328.25 USD
My targets
5,307.50 USD (-0.21%)
5,294.75 USD (-0.45%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade S&P500 - MINI S&P500 FULL0624 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 5,328.25 USD. The next bearish objective for sellers is set at 5,307.50 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5,294.75 USD. In case of crossing, the next objective would be the support located at 5,274.00 USD. In the event of a bullish break in the resistance located at 5,328.25 USD a certain indecision would take hold.
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
0.2
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 rating is 5,318.75 USD. The price registered a decrease of -0.03% on the session with the lowest point at 5,313.25 USD and the highest point at 5,326.00 USD. The deviation from the price is +0.10% for the low point and -0.14% for the high point.5,313.25
5,326.00
5,318.75
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0624:
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 this 15 min. chart of S&P500 - MINI S&P500 FULL0624 indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish and bullish signals:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 5,233.00 | 5,264.00 | 5,308.50 | 5,318.75 | 5,349.00 |
| Change (%) | -1.61% | -1.03% | -0.19% | - | +0.57% |
| Change | -85.75 | -54.75 | -10.25 | - | +30.25 |
| Level | Minor | Intermediate | Major | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,274.00 | 5,294.75 | 5,307.50 | 5,328.25 | 5,341.00 | 5,361.75 | 5,374.50 |
| Camarilla | 5,311.04 | 5,314.11 | 5,317.18 | 5,320.25 | 5,323.32 | 5,326.39 | 5,329.46 |
| Woodie | 5,270.00 | 5,292.75 | 5,303.50 | 5,326.25 | 5,337.00 | 5,359.75 | 5,370.50 |
| Fibonacci | 5,294.75 | 5,307.55 | 5,315.45 | 5,328.25 | 5,341.05 | 5,348.95 | 5,361.75 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,071.75 | 5,113.75 | 5,180.00 | 5,222.00 | 5,288.25 | 5,330.25 | 5,396.50 |
| Camarilla | 5,216.48 | 5,226.40 | 5,236.33 | 5,246.25 | 5,256.17 | 5,266.10 | 5,276.02 |
| Woodie | 5,083.88 | 5,119.81 | 5,192.13 | 5,228.06 | 5,300.38 | 5,336.31 | 5,408.63 |
| Fibonacci | 5,113.75 | 5,155.10 | 5,180.65 | 5,222.00 | 5,263.35 | 5,288.90 | 5,330.25 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.80 | |
| MACD (12,26,9): | 1.2200 | |
| Directional Movement: | 7.63 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 5,322.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,319.50 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 5,317.07 | |
| Zig ZAG (10): | 5,319.25 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 69.30 | |
| TEMA (21): | 5,323.09 | |
| Williams %R (14): | -26.32 | |
| Chande Momentum Oscillator (20): | 5.00 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.18 |
| MA7: | 5,281.86 | |
| MA20: | 5,179.60 | |
| MA50: | 5,201.21 | |
| MA100: | 5,105.53 | |
| MAexp7: | 5,322.06 | |
| MAexp20: | 5,321.66 | |
| MAexp50: | 5,321.63 | |
| MAexp100: | 5,322.34 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | +2.69% | |
| Price / MA50: | +2.26% | |
| Price / MA100: | +4.18% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.05% | |
| Price / MAexp50: | -0.05% | |
| Price / MAexp100: | -0.07% |
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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