S&P500 - MINI S&P500 FULL1224 - 15 min. - Technical analysis published on 10/21/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 5,899.25 USD
My targets
5,860.00 USD (-0.34%)
5,843.75 USD (-0.62%)
My analysis
The bearish trend is currently very strong for S&P500 - MINI S&P500 FULL1224. As long as the price remains below the resistance at 5,899.25 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 5,860.00 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5,843.75 USD as an objective. Crossing it would then enable sellers to target 5,811.64 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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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 FULL1224 price is 5,880.25 USD. The price registered a decrease of -0.44% on the session and was traded between 5,865.00 USD and 5,915.50 USD over the period. The price is currently at +0.26% from its lowest and -0.60% from its highest.5,865.00
5,915.50
5,880.25
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this S&P500 - MINI S&P500 FULL1224 chart shows a sharp 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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
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 | 5,778.00 | 5,811.64 | 5,850.18 | 5,880.25 | 5,886.32 | 5,908.25 | 5,927.25 |
| Change (%) | -1.74% | -1.17% | -0.51% | - | +0.10% | +0.48% | +0.80% |
| Change | -102.25 | -68.61 | -30.07 | - | +6.07 | +28.00 | +47.00 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,843.75 | 5,860.00 | 5,883.00 | 5,899.25 | 5,922.25 | 5,938.50 | 5,961.50 |
| Camarilla | 5,895.21 | 5,898.80 | 5,902.40 | 5,906.00 | 5,909.60 | 5,913.20 | 5,916.79 |
| Woodie | 5,847.13 | 5,861.69 | 5,886.38 | 5,900.94 | 5,925.63 | 5,940.19 | 5,964.88 |
| Fibonacci | 5,860.00 | 5,874.99 | 5,884.26 | 5,899.25 | 5,914.24 | 5,923.51 | 5,938.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,784.33 | 5,817.17 | 5,861.58 | 5,894.42 | 5,938.83 | 5,971.67 | 6,016.08 |
| Camarilla | 5,884.76 | 5,891.84 | 5,898.92 | 5,906.00 | 5,913.08 | 5,920.16 | 5,927.24 |
| Woodie | 5,790.13 | 5,820.06 | 5,867.38 | 5,897.31 | 5,944.63 | 5,974.56 | 6,021.88 |
| Fibonacci | 5,817.17 | 5,846.68 | 5,864.91 | 5,894.42 | 5,923.93 | 5,942.16 | 5,971.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,157.67 | 5,306.18 | 5,532.97 | 5,681.48 | 5,908.27 | 6,056.78 | 6,283.57 |
| Camarilla | 5,656.54 | 5,690.95 | 5,725.35 | 5,759.75 | 5,794.15 | 5,828.56 | 5,862.96 |
| Woodie | 5,196.80 | 5,325.75 | 5,572.10 | 5,701.05 | 5,947.40 | 6,076.35 | 6,322.70 |
| Fibonacci | 5,306.18 | 5,449.55 | 5,538.12 | 5,681.48 | 5,824.85 | 5,913.42 | 6,056.78 |
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): | 42.35 | |
| MACD (12,26,9): | -5.2300 | |
| Directional Movement: | -10.55 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 5,882.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,898.09 | |
| Elder Ray (13): | -5.59 | |
| Super Trend (3,10): | 5,893.01 | |
| Zig ZAG (10): | 5,883.25 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 35.82 | |
| TEMA (21): | 5,879.98 | |
| Williams %R (14): | -63.22 | |
| Chande Momentum Oscillator (20): | -14.00 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.30 |
| MA7: | 5,884.46 | |
| MA20: | 5,822.95 | |
| MA50: | 5,722.82 | |
| MA100: | 5,647.69 | |
| MAexp7: | 5,881.81 | |
| MAexp20: | 5,888.19 | |
| MAexp50: | 5,894.80 | |
| MAexp100: | 5,897.99 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +0.98% | |
| Price / MA50: | +2.75% | |
| Price / MA100: | +4.12% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.25% | |
| Price / MAexp100: | -0.30% |
Quotes :
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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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