S&P500 INDEX - Daily - Technical analysis published on 06/22/2022 (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
33%
44%
22%
My opinion
Bearish under 3,900.79 USD
My targets
3,580.84 USD (-4.89%)
3,386.15 USD (-10.06%)
My analysis
S&P500 INDEX 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 3,900.79 USD. The next support located at 3,580.84 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 3,386.15 USD. Below this support, sellers could then target 2,930.75 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
6.4
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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 3,764.79 USD. The price has increased by +2.45% since the last closing and was between 3,715.31 USD and 3,779.65 USD. This implies that the price is at +1.33% from its lowest and at -0.39% from its highest.3,715.31
3,779.65
3,764.79
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this S&P500 INDEX chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 6 are bullish, 4 are neutral and 8 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
White morning star
Type : Bullish
Timeframe : Daily
Upside gap
Type : Bullish
Timeframe : Daily
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 | 3,764.79 | 3,900.79 | 4,173.72 | 4,305.67 |
| Change (%) | -22.15% | -10.06% | -4.89% | - | +3.61% | +10.86% | +14.37% |
| Change | -834.04 | -378.64 | -183.95 | - | +136.00 | +408.93 | +540.88 |
| Level | Intermediate | Intermediate | Minor | - | Major | 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 | 3,662.51 | 3,688.91 | 3,726.85 | 3,753.25 | 3,791.19 | 3,817.59 | 3,855.53 |
| Camarilla | 3,747.10 | 3,752.99 | 3,758.89 | 3,764.79 | 3,770.69 | 3,776.59 | 3,782.48 |
| Woodie | 3,668.28 | 3,691.80 | 3,732.62 | 3,756.14 | 3,796.96 | 3,820.48 | 3,861.30 |
| Fibonacci | 3,688.91 | 3,713.49 | 3,728.67 | 3,753.25 | 3,777.83 | 3,793.01 | 3,817.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,393.81 | 3,515.34 | 3,595.09 | 3,716.62 | 3,796.37 | 3,917.90 | 3,997.65 |
| Camarilla | 3,619.49 | 3,637.94 | 3,656.39 | 3,674.84 | 3,693.29 | 3,711.74 | 3,730.19 |
| Woodie | 3,372.92 | 3,504.90 | 3,574.20 | 3,706.18 | 3,775.48 | 3,907.46 | 3,976.76 |
| Fibonacci | 3,515.34 | 3,592.23 | 3,639.73 | 3,716.62 | 3,793.51 | 3,841.01 | 3,917.90 |
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): | 38.48 | |
| MACD (12,26,9): | -105.9200 | |
| Directional Movement: | -16.44 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 3,788.49 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,022.39 | |
| Elder Ray (13): | -111.63 | |
| Super Trend (3,10): | 3,973.86 | |
| Zig ZAG (10): | 3,764.79 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 11.90 | |
| TEMA (21): | 3,746.65 | |
| Williams %R (14): | -76.34 | |
| Chande Momentum Oscillator (20): | -412.03 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 13.90 |
| MA7: | 3,754.62 | |
| MA20: | 3,966.34 | |
| MA50: | 4,102.46 | |
| MA100: | 4,263.15 | |
| MAexp7: | 3,783.39 | |
| MAexp20: | 3,916.38 | |
| MAexp50: | 4,070.27 | |
| MAexp100: | 4,210.47 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | -5.08% | |
| Price / MA50: | -8.23% | |
| Price / MA100: | -11.69% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -3.87% | |
| Price / MAexp50: | -7.51% | |
| Price / MAexp100: | -10.59% |
Quotes :
-
End-of-day data
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S&P Base Indices
News
The last news published on S&P500 INDEX at the time of the generation of this analysis was 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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