S&P500 - MINI S&P500 FULL1224 - 15 min. - Technical analysis published on 10/22/2024 (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
44%
22%
33%
My opinion
Bearish under 5,892.25 USD
My targets
5,841.75 USD (-0.44%)
5,818.50 USD (-0.84%)
My analysis
S&P500 - MINI S&P500 FULL1224 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 5,892.25 USD. The next support located at 5,841.75 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 5,818.50 USD. Below this support, sellers could then target 5,811.64 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.4
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
S&P500 - MINI S&P500 FULL1224 rating 5,867.75 USD. The price is lower by -0.48% since the last closing and was between 5,861.25 USD and 5,900.75 USD. This implies that the price is at +0.11% from its lowest and at -0.56% from its highest.5,861.25
5,900.75
5,867.75
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
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. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
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.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,811.64 | 5,850.00 | 5,865.14 | 5,867.75 | 5,892.75 | 5,908.25 | 5,927.25 |
| Change (%) | -0.96% | -0.30% | -0.04% | - | +0.43% | +0.69% | +1.01% |
| Change | -56.11 | -17.75 | -2.61 | - | +25.00 | +40.50 | +59.50 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,818.50 | 5,841.75 | 5,869.00 | 5,892.25 | 5,919.50 | 5,942.75 | 5,970.00 |
| Camarilla | 5,882.36 | 5,886.99 | 5,891.62 | 5,896.25 | 5,900.88 | 5,905.51 | 5,910.14 |
| Woodie | 5,820.50 | 5,842.75 | 5,871.00 | 5,893.25 | 5,921.50 | 5,943.75 | 5,972.00 |
| Fibonacci | 5,841.75 | 5,861.04 | 5,872.96 | 5,892.25 | 5,911.54 | 5,923.46 | 5,942.75 |
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): | 44.69 | |
| MACD (12,26,9): | -3.1100 | |
| Directional Movement: | -10.74 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 5,866.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,875.25 | |
| Elder Ray (13): | -1.50 | |
| Super Trend (3,10): | 5,880.06 | |
| Zig ZAG (10): | 5,870.00 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 45.37 | |
| TEMA (21): | 5,867.22 | |
| Williams %R (14): | -35.48 | |
| Chande Momentum Oscillator (20): | 1.75 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.07 |
| MA7: | 5,887.68 | |
| MA20: | 5,827.57 | |
| MA50: | 5,730.11 | |
| MA100: | 5,652.24 | |
| MAexp7: | 5,868.45 | |
| MAexp20: | 5,871.31 | |
| MAexp50: | 5,877.42 | |
| MAexp100: | 5,883.37 | |
| Price / MA7: | -0.34% | |
| Price / MA20: | +0.69% | |
| Price / MA50: | +2.40% | |
| Price / MA100: | +3.81% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.06% | |
| Price / MAexp50: | -0.16% | |
| Price / MAexp100: | -0.27% |
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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