S&P500 INDEX

- USD (-)

- End-of-day data - S&P Base Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SP500
ISIN:

S&P500 INDEX - Weekly - Technical analysis published on 01/22/2023 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 4,305.20 USD

My targets

3,702.34 USD (-6.80%)

3,578.30 USD (-9.93%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4,305.20 USD remains possible. It is advisable to trade S&P500 INDEX with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4,305.20 USD. The next bearish objective for sellers is set at 3,702.34 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,578.30 USD. In case of crossing, the next objective would be the support located at 2,930.75 USD. PS: if there is a bullish break in the resistance located at 4,305.20 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

2.9

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 Pasqual32. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The S&P500 INDEX price is 3,972.61 USD. The price is lower by -0.66% over the 5 days and has been traded over the last 5 days between 3,885.54 USD and 4,014.16 USD. This implies that the 5 day price is +2.24% from its lowest point and -1.04% from its highest point.

3,885.54

4,014.16

3,972.61

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this S&P500 INDEX chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,930.75	3,578.30	3,900.79	3,972.61	4,305.20	4,796.56
Change (%)	-26.23%	-9.93%	-1.81%	-	+8.37%	+20.74%
Change	-1,041.86	-394.31	-71.82	-	+332.59	+823.95
Level	Intermediate	Major	Major	-	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,847.56	3,872.71	3,922.66	3,947.81	3,997.76	4,022.91	4,072.86
Camarilla	3,951.96	3,958.84	3,965.73	3,972.61	3,979.49	3,986.38	3,993.26
Woodie	3,859.96	3,878.91	3,935.06	3,954.01	4,010.16	4,029.11	4,085.26
Fibonacci	3,872.71	3,901.40	3,919.12	3,947.81	3,976.50	3,994.22	4,022.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,789.61	3,833.45	3,916.27	3,960.11	4,042.93	4,086.77	4,169.59
Camarilla	3,964.26	3,975.87	3,987.48	3,999.09	4,010.70	4,022.31	4,033.92
Woodie	3,809.10	3,843.20	3,935.76	3,969.86	4,062.42	4,096.52	4,189.08
Fibonacci	3,833.45	3,881.83	3,911.73	3,960.11	4,008.49	4,038.39	4,086.77

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,365.87	3,565.18	3,702.34	3,901.65	4,038.81	4,238.12	4,375.28
Camarilla	3,746.97	3,777.81	3,808.66	3,839.50	3,870.34	3,901.19	3,932.03
Woodie	3,334.80	3,549.64	3,671.27	3,886.11	4,007.74	4,222.58	4,344.21
Fibonacci	3,565.18	3,693.71	3,773.12	3,901.65	4,030.18	4,109.59	4,238.12

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):	48.41
MACD (12,26,9):	-27.6300
Directional Movement:	0.02
AROON (14):	64.29
DEMA (21):	3,864.80
Parabolic SAR (0,02-0,02-0,2):	3,764.69
Elder Ray (13):	43.79
Super Trend (3,10):	4,197.39
Zig ZAG (10):	3,898.85
VORTEX (21):	0.9300
Stochastique (14,3,5):	68.59
TEMA (21):	3,910.21
Williams %R (14):	-43.72
Chande Momentum Oscillator (20):	-2.21
Repulse (5,40,3):	-0.5800
ROCnROLL:	2
TRIX (15,9):	-0.1700
Courbe Coppock:	8.67

MA7:	3,955.69
MA20:	3,881.54
MA50:	3,925.66
MA100:	3,865.27
MAexp7:	3,911.93
MAexp20:	3,916.12
MAexp50:	4,009.61
MAexp100:	3,989.50
Price / MA7:	+0.43%
Price / MA20:	+2.35%
Price / MA50:	+1.20%
Price / MA100:	+2.78%
Price / MAexp7:	+1.55%
Price / MAexp20:	+1.44%
Price / MAexp50:	-0.92%
Price / MAexp100:	-0.42%

Quotes : - End-of-day data - S&P Base Indices

News

Don't forget to follow the news on S&P500 INDEX. At the time of publication of this analysis, the latest news was as follows:

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

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