S&P400 - MINI S&P400 FULL0325

- USD (-)

- 10 min delayed data - CME E-mini Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Futures
Ticker:	MCXXXX
ISIN:	MCXXXX

S&P400 - MINI S&P400 FULL0325 - Daily - Technical analysis published on 06/01/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

61%

33%

My opinion

Bearish under 2,551.70 USD

My targets

2,342.80 USD (-5.15%)

2,177.83 USD (-11.83%)

My analysis

The bearish basic trend is very strong on S&P400 - MINI S&P400 FULL0622 but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 2,551.70 USD. Crossing the first support at 2,342.80 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 2,177.83 USD as an objective. Crossing it would then enable sellers to target 2,020.20 USD. Caution, a return to above the resistance located at 2,551.70 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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 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

3.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The S&P400 - MINI S&P400 FULL0622 price is 2,469.90 USD. On the day, this instrument lost -1.72% and was traded between 2,460.50 USD and 2,531.90 USD over the period. The price is currently at +0.38% from its lowest and -2.45% from its highest.

2,460.50

2,531.90

2,469.90

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of S&P400 - MINI S&P400 FULL0622 in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,755.34	2,020.20	2,342.80	2,469.90	2,551.70	2,646.92	2,762.87
Change (%)	-28.93%	-18.21%	-5.15%	-	+3.31%	+7.17%	+11.86%
Change	-714.56	-449.70	-127.10	-	+81.80	+177.02	+292.97
Level	Minor	Major	Intermediate	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,438.27	2,467.53	2,490.37	2,519.63	2,542.47	2,571.73	2,594.57
Camarilla	2,498.87	2,503.65	2,508.42	2,513.20	2,517.98	2,522.75	2,527.53
Woodie	2,435.05	2,465.93	2,487.15	2,518.03	2,539.25	2,570.13	2,591.35
Fibonacci	2,467.53	2,487.44	2,499.73	2,519.63	2,539.54	2,551.83	2,571.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,189.70	2,262.50	2,400.00	2,472.80	2,610.30	2,683.10	2,820.60
Camarilla	2,479.67	2,498.95	2,518.22	2,537.50	2,556.78	2,576.06	2,595.33
Woodie	2,222.05	2,278.68	2,432.35	2,488.98	2,642.65	2,699.28	2,852.95
Fibonacci	2,262.50	2,342.84	2,392.47	2,472.80	2,553.14	2,602.77	2,683.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,177.83	2,334.37	2,414.73	2,571.27	2,651.63	2,808.17	2,888.53
Camarilla	2,429.95	2,451.67	2,473.38	2,495.10	2,516.82	2,538.53	2,560.25
Woodie	2,139.75	2,315.33	2,376.65	2,552.23	2,613.55	2,789.13	2,850.45
Fibonacci	2,334.37	2,424.86	2,480.77	2,571.27	2,661.76	2,717.67	2,808.17

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):	48.80
MACD (12,26,9):	-11.6900
Directional Movement:	-3.03
AROON (14):	85.71
DEMA (21):	2,445.28
Parabolic SAR (0,02-0,02-0,2):	2,364.79
Elder Ray (13):	27.64
Super Trend (3,10):	2,590.57
Zig ZAG (10):	2,472.50
VORTEX (21):	0.9700
Stochastique (14,3,5):	78.42
TEMA (21):	2,469.16
Williams %R (14):	-38.64
Chande Momentum Oscillator (20):	57.00
Repulse (5,40,3):	-1.6300
ROCnROLL:	-1
TRIX (15,9):	-0.2000
Courbe Coppock:	4.82

MA7:	2,478.97
MA20:	2,435.98
MA50:	2,551.78
MA100:	2,592.73
MAexp7:	2,482.34
MAexp20:	2,471.63
MAexp50:	2,522.73
MAexp100:	2,580.60
Price / MA7:	-0.37%
Price / MA20:	+1.39%
Price / MA50:	-3.21%
Price / MA100:	-4.74%
Price / MAexp7:	-0.50%
Price / MAexp20:	-0.07%
Price / MAexp50:	-2.09%
Price / MAexp100:	-4.29%

Quotes : - 10 min delayed data - CME E-mini Futures

This member declared not having a position on this financial instrument or a related financial instrument.

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