S&P500 - MINI S&P500 FULL0325 - 15 min. - Technical analysis published on 10/07/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 5,822.83 USD
My targets
5,759.08 USD (-0.29%)
5,718.17 USD (-1.00%)
My analysis
There is a bearish trend on S&P500 - MINI S&P500 FULL1224 both at the basic level and in the short term. A sale could be considered, so long as the price remains below 5,822.83 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 5,759.08 USD. Then the price could move towards 5,718.17 USD. Then 5,695.33 USD by extension. Be careful, a return to above the resistance 5,822.83 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
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
1.3
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This analysis was given by palaki06. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
S&P500 - MINI S&P500 FULL1224 rating 5,776.00 USD. On the day, this instrument lost -0.41% and was traded between 5,762.75 USD and 5,808.00 USD over the period. The price is currently at +0.23% from its lowest and -0.55% from its highest.5,762.75
5,808.00
5,776.00
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 this 15 min. chart of S&P500 - MINI S&P500 FULL1224 indicates that the overall trend is bearish. 64.29% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,621.25 | 5,724.88 | 5,754.65 | 5,776.00 | 5,778.00 | 5,794.30 | 5,803.19 |
| Change (%) | -2.68% | -0.89% | -0.37% | - | +0.03% | +0.32% | +0.47% |
| Change | -154.75 | -51.12 | -21.35 | - | +2.00 | +18.30 | +27.19 |
| Level | Minor | Major | Minor | - | Major | Minor | 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 | 5,695.33 | 5,718.17 | 5,759.08 | 5,781.92 | 5,822.83 | 5,845.67 | 5,886.58 |
| Camarilla | 5,782.47 | 5,788.31 | 5,794.16 | 5,800.00 | 5,805.84 | 5,811.69 | 5,817.53 |
| Woodie | 5,704.38 | 5,722.69 | 5,768.13 | 5,786.44 | 5,831.88 | 5,850.19 | 5,895.63 |
| Fibonacci | 5,718.17 | 5,742.52 | 5,757.56 | 5,781.92 | 5,806.27 | 5,821.31 | 5,845.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,643.33 | 5,683.67 | 5,741.83 | 5,782.17 | 5,840.33 | 5,880.67 | 5,938.83 |
| Camarilla | 5,772.91 | 5,781.94 | 5,790.97 | 5,800.00 | 5,809.03 | 5,818.06 | 5,827.09 |
| Woodie | 5,652.25 | 5,688.13 | 5,750.75 | 5,786.63 | 5,849.25 | 5,885.13 | 5,947.75 |
| Fibonacci | 5,683.67 | 5,721.29 | 5,744.54 | 5,782.17 | 5,819.79 | 5,843.04 | 5,880.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,157.75 | 5,306.25 | 5,533.00 | 5,681.50 | 5,908.25 | 6,056.75 | 6,283.50 |
| Camarilla | 5,656.56 | 5,690.95 | 5,725.35 | 5,759.75 | 5,794.15 | 5,828.55 | 5,862.94 |
| Woodie | 5,196.88 | 5,325.81 | 5,572.13 | 5,701.06 | 5,947.38 | 6,076.31 | 6,322.63 |
| Fibonacci | 5,306.25 | 5,449.60 | 5,538.16 | 5,681.50 | 5,824.85 | 5,913.41 | 6,056.75 |
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): | 56.36 | |
| MACD (12,26,9): | 0.4000 | |
| Directional Movement: | 0.50 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 5,779.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,775.16 | |
| Elder Ray (13): | 1.64 | |
| Super Trend (3,10): | 5,766.93 | |
| Zig ZAG (10): | 5,782.50 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 65.41 | |
| TEMA (21): | 5,781.85 | |
| Williams %R (14): | -35.62 | |
| Chande Momentum Oscillator (20): | 2.25 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.25 |
| MA7: | 5,778.93 | |
| MA20: | 5,738.39 | |
| MA50: | 5,636.15 | |
| MA100: | 5,604.65 | |
| MAexp7: | 5,779.99 | |
| MAexp20: | 5,779.18 | |
| MAexp50: | 5,781.30 | |
| MAexp100: | 5,780.31 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +0.66% | |
| Price / MA50: | +2.48% | |
| Price / MA100: | +3.06% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.09% | |
| 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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