S&P500 - MINI S&P500 FULL0625 - 15 min. - Technical analysis published on 10/29/2024 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 5,867.67 USD
My targets
5,840.17 USD (-0.15%)
5,823.33 USD (-0.44%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on S&P500 - MINI S&P500 FULL1224 as long as the price remains well below 5,867.67 USD. The sellers' bearish objective is set at 5,840.17 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5,823.33 USD. In case of crossing, the next objective would be the support located at 5,822.50 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
7.9
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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 rating is 5,849.00 USD. The price registered a decrease of -0.21% on the session and was traded between 5,837.50 USD and 5,869.50 USD over the period. The price is currently at +0.20% from its lowest and -0.35% from its highest.5,837.50
5,869.50
5,849.00
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
Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL1224:
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
Technical analysis of S&P500 - MINI S&P500 FULL1224 in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
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 | 5,801.00 | 5,822.50 | 5,835.00 | 5,849.00 | 5,869.25 | 5,884.53 | 5,907.80 |
| Change (%) | -0.82% | -0.45% | -0.24% | - | +0.35% | +0.61% | +1.01% |
| Change | -48.00 | -26.50 | -14.00 | - | +20.25 | +35.53 | +58.80 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,823.33 | 5,840.17 | 5,850.83 | 5,867.67 | 5,878.33 | 5,895.17 | 5,905.83 |
| Camarilla | 5,853.94 | 5,856.46 | 5,858.98 | 5,861.50 | 5,864.02 | 5,866.54 | 5,869.06 |
| Woodie | 5,820.25 | 5,838.63 | 5,847.75 | 5,866.13 | 5,875.25 | 5,893.63 | 5,902.75 |
| Fibonacci | 5,840.17 | 5,850.67 | 5,857.16 | 5,867.67 | 5,878.17 | 5,884.66 | 5,895.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,678.33 | 5,739.67 | 5,792.83 | 5,854.17 | 5,907.33 | 5,968.67 | 6,021.83 |
| Camarilla | 5,814.51 | 5,825.01 | 5,835.50 | 5,846.00 | 5,856.50 | 5,866.99 | 5,877.49 |
| Woodie | 5,674.25 | 5,737.63 | 5,788.75 | 5,852.13 | 5,903.25 | 5,966.63 | 6,017.75 |
| Fibonacci | 5,739.67 | 5,783.41 | 5,810.43 | 5,854.17 | 5,897.91 | 5,924.93 | 5,968.67 |
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): | 34.09 | |
| MACD (12,26,9): | -3.2400 | |
| Directional Movement: | -14.62 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 5,852.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,859.76 | |
| Elder Ray (13): | -4.42 | |
| Super Trend (3,10): | 5,862.96 | |
| Zig ZAG (10): | 5,849.25 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 10.96 | |
| TEMA (21): | 5,849.70 | |
| Williams %R (14): | -91.94 | |
| Chande Momentum Oscillator (20): | -10.25 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.35 |
| MA7: | 5,860.43 | |
| MA20: | 5,843.02 | |
| MA50: | 5,751.73 | |
| MA100: | 5,670.14 | |
| MAexp7: | 5,851.89 | |
| MAexp20: | 5,855.72 | |
| MAexp50: | 5,859.22 | |
| MAexp100: | 5,862.01 | |
| Price / MA7: | -0.20% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | +1.69% | |
| Price / MA100: | +3.15% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.12% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.23% |
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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