S&P500 - MINI S&P500 FULL0325 - 15 min. - Technical analysis published on 11/04/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 5,797.17 USD
My targets
5,725.92 USD (-0.57%)
5,693.58 USD (-1.13%)
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 5,797.17 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 5,725.92 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5,693.58 USD as an objective. Crossing it would then enable sellers to target 5,654.67 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.
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
7.5
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL1224 price is 5,758.50 USD. On the day, this instrument gained +0.00% and was traded between 5,738.50 USD and 5,776.50 USD over the period. The price is currently at +0.35% from its lowest and -0.31% from its highest.5,738.50
5,776.50
5,758.50
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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 HIGH record (1 month)
Type : Bullish
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, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,277.35 | 5,433.08 | 5,732.58 | 5,758.50 | 5,778.00 | 5,801.00 | 5,837.50 |
| Change (%) | -8.36% | -5.65% | -0.45% | - | +0.34% | +0.74% | +1.37% |
| Change | -481.15 | -325.42 | -25.92 | - | +19.50 | +42.50 | +79.00 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,654.67 | 5,693.58 | 5,725.92 | 5,764.83 | 5,797.17 | 5,836.08 | 5,868.42 |
| Camarilla | 5,738.66 | 5,745.19 | 5,751.72 | 5,758.25 | 5,764.78 | 5,771.31 | 5,777.84 |
| Woodie | 5,651.38 | 5,691.94 | 5,722.63 | 5,763.19 | 5,793.88 | 5,834.44 | 5,865.13 |
| Fibonacci | 5,693.58 | 5,720.80 | 5,737.62 | 5,764.83 | 5,792.05 | 5,808.87 | 5,836.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,535.67 | 5,634.08 | 5,696.17 | 5,794.58 | 5,856.67 | 5,955.08 | 6,017.17 |
| Camarilla | 5,714.11 | 5,728.83 | 5,743.54 | 5,758.25 | 5,772.96 | 5,787.68 | 5,802.39 |
| Woodie | 5,517.50 | 5,625.00 | 5,678.00 | 5,785.50 | 5,838.50 | 5,946.00 | 5,999.00 |
| Fibonacci | 5,634.08 | 5,695.39 | 5,733.27 | 5,794.58 | 5,855.89 | 5,893.77 | 5,955.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,475.83 | 5,599.92 | 5,679.08 | 5,803.17 | 5,882.33 | 6,006.42 | 6,085.58 |
| Camarilla | 5,702.36 | 5,720.99 | 5,739.62 | 5,758.25 | 5,776.88 | 5,795.51 | 5,814.14 |
| Woodie | 5,453.38 | 5,588.69 | 5,656.63 | 5,791.94 | 5,859.88 | 5,995.19 | 6,063.13 |
| Fibonacci | 5,599.92 | 5,677.56 | 5,725.53 | 5,803.17 | 5,880.81 | 5,928.78 | 6,006.42 |
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): | 35.39 | |
| MACD (12,26,9): | -2.4200 | |
| Directional Movement: | -13.85 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 5,761.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,769.56 | |
| Elder Ray (13): | -7.56 | |
| Super Trend (3,10): | 5,772.07 | |
| Zig ZAG (10): | 5,753.25 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 25.69 | |
| TEMA (21): | 5,759.83 | |
| Williams %R (14): | -62.89 | |
| Chande Momentum Oscillator (20): | -9.25 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.32 |
| MA7: | 5,812.32 | |
| MA20: | 5,847.06 | |
| MA50: | 5,759.11 | |
| MA100: | 5,678.65 | |
| MAexp7: | 5,758.08 | |
| MAexp20: | 5,764.05 | |
| MAexp50: | 5,765.57 | |
| MAexp100: | 5,766.84 | |
| Price / MA7: | -0.93% | |
| Price / MA20: | -1.51% | |
| Price / MA50: | -0.01% | |
| Price / MA100: | +1.41% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | -0.14% |
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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