S&P500 INDEX - Daily - Technical analysis published on 06/17/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
72%
17%
My opinion
Bearish under 3,859.09 USD
My targets
3,580.84 USD (-2.34%)
3,386.15 USD (-7.65%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on S&P500 INDEX as long as the price remains well below 3,859.09 USD. The sellers' bearish objective is set at 3,580.84 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,386.15 USD. In case of crossing, the next objective would be the support located at 2,930.75 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
8
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This analysis was given by ZIZOU93. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 INDEX price is 3,666.77 USD. On the day, this instrument lost -3.25% with the lowest point at 3,639.77 USD and the highest point at 3,728.18 USD. The deviation from the price is +0.74% for the low point and -1.65% for the high point.3,639.77
3,728.18
3,666.77
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
Here is a more detailed summary of the historical variations registered by S&P500 INDEX:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of S&P500 INDEX indicates that the overall trend is strongly bearish. 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,930.75 | 3,386.15 | 3,580.84 | 3,666.77 | 3,934.83 | 4,170.23 | 4,513.04 |
| Change (%) | -20.07% | -7.65% | -2.34% | - | +7.31% | +13.73% | +23.08% |
| Change | -736.02 | -280.62 | -85.93 | - | +268.06 | +503.46 | +846.27 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,539.89 | 3,589.83 | 3,628.30 | 3,678.24 | 3,716.71 | 3,766.65 | 3,805.12 |
| Camarilla | 3,642.46 | 3,650.56 | 3,658.67 | 3,666.77 | 3,674.87 | 3,682.98 | 3,691.08 |
| Woodie | 3,534.16 | 3,586.96 | 3,622.57 | 3,675.37 | 3,710.98 | 3,763.78 | 3,799.39 |
| Fibonacci | 3,589.83 | 3,623.60 | 3,644.47 | 3,678.24 | 3,712.01 | 3,732.88 | 3,766.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,542.47 | 3,721.31 | 3,811.09 | 3,989.93 | 4,079.71 | 4,258.55 | 4,348.33 |
| Camarilla | 3,826.99 | 3,851.61 | 3,876.24 | 3,900.86 | 3,925.48 | 3,950.11 | 3,974.73 |
| Woodie | 3,497.93 | 3,699.05 | 3,766.55 | 3,967.67 | 4,035.17 | 4,236.29 | 4,303.79 |
| Fibonacci | 3,721.31 | 3,823.93 | 3,887.32 | 3,989.93 | 4,092.55 | 4,155.94 | 4,258.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,361.75 | 3,586.04 | 3,859.09 | 4,083.38 | 4,356.43 | 4,580.72 | 4,853.77 |
| Camarilla | 3,995.38 | 4,040.97 | 4,086.56 | 4,132.15 | 4,177.74 | 4,223.33 | 4,268.92 |
| Woodie | 3,386.14 | 3,598.23 | 3,883.48 | 4,095.57 | 4,380.82 | 4,592.91 | 4,878.16 |
| Fibonacci | 3,586.04 | 3,776.02 | 3,893.39 | 4,083.38 | 4,273.36 | 4,390.73 | 4,580.72 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 31.14 | |
| MACD (12,26,9): | -95.0400 | |
| Directional Movement: | -24.36 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 3,846.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,102.22 | |
| Elder Ray (13): | -224.19 | |
| Super Trend (3,10): | 3,995.44 | |
| Zig ZAG (10): | 3,666.77 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 9.74 | |
| TEMA (21): | 3,811.48 | |
| Williams %R (14): | -94.98 | |
| Chande Momentum Oscillator (20): | -465.38 | |
| Repulse (5,40,3): | -3.2400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2000 | |
| Courbe Coppock: | 7.99 |
| MA7: | 3,853.76 | |
| MA20: | 3,984.47 | |
| MA50: | 4,133.30 | |
| MA100: | 4,275.82 | |
| MAexp7: | 3,827.84 | |
| MAexp20: | 3,959.44 | |
| MAexp50: | 4,099.38 | |
| MAexp100: | 4,230.55 | |
| Price / MA7: | -4.85% | |
| Price / MA20: | -7.97% | |
| Price / MA50: | -11.29% | |
| Price / MA100: | -14.24% | |
| Price / MAexp7: | -4.21% | |
| Price / MAexp20: | -7.39% | |
| Price / MAexp50: | -10.55% | |
| Price / MAexp100: | -13.33% |
Quotes :
-
End-of-day data
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S&P Base Indices
News
The latest news and videos published on S&P500 INDEX at the time of the analysis were as follows:
-
Ford Motor Tops SP-500 Performance List by FX Empire
-
US Dollar Charges Through Resistance: Does It Continue and Will SPX Find Its Own Break?
-
SP500 Recovers Early Losses, Dow Trades Flat
-
SP 500 and NASDAQ 100 Forecast July 23, 2021
-
SP 500 and NASDAQ 100 Forecast April 14, 2021
This member declared not having a position on this financial instrument or a related financial instrument.
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