S&P500 INDEX - Daily - Technical analysis published on 10/08/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 4,370.44 USD
My targets
4,179.76 USD (-2.99%)
4,052.20 USD (-5.95%)
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 4,370.44 USD. The next support located at 4,179.76 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 4,052.20 USD. Below this support, sellers could then target 3,855.76 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.9
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 ezggsg. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 INDEX price is 4,308.50 USD. On the day, this instrument gained +1.18% and was traded between 4,219.55 USD and 4,324.10 USD over the period. The price is currently at +2.11% from its lowest and -0.36% from its highest.4,219.55
4,324.10
4,308.50
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Near a 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 bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,052.20 | 4,179.76 | 4,305.20 | 4,308.50 | 4,370.44 | 4,505.10 | 4,588.96 |
| Change (%) | -5.95% | -2.99% | -0.08% | - | +1.44% | +4.56% | +6.51% |
| Change | -256.30 | -128.74 | -3.30 | - | +61.94 | +196.60 | +280.46 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,139.45 | 4,179.50 | 4,244.00 | 4,284.05 | 4,348.55 | 4,388.60 | 4,453.10 |
| Camarilla | 4,279.75 | 4,289.33 | 4,298.92 | 4,308.50 | 4,318.08 | 4,327.67 | 4,337.25 |
| Woodie | 4,151.68 | 4,185.61 | 4,256.23 | 4,290.16 | 4,360.78 | 4,394.71 | 4,465.33 |
| Fibonacci | 4,179.50 | 4,219.44 | 4,244.11 | 4,284.05 | 4,323.99 | 4,348.66 | 4,388.60 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,134.28 | 4,175.37 | 4,241.93 | 4,283.02 | 4,349.58 | 4,390.67 | 4,457.23 |
| Camarilla | 4,278.90 | 4,288.76 | 4,298.63 | 4,308.50 | 4,318.37 | 4,328.24 | 4,338.10 |
| Woodie | 4,147.03 | 4,181.74 | 4,254.68 | 4,289.39 | 4,362.33 | 4,397.04 | 4,469.98 |
| Fibonacci | 4,175.37 | 4,216.49 | 4,241.89 | 4,283.02 | 4,324.14 | 4,349.54 | 4,390.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,868.08 | 4,053.36 | 4,170.70 | 4,355.98 | 4,473.32 | 4,658.60 | 4,775.94 |
| Camarilla | 4,204.83 | 4,232.57 | 4,260.31 | 4,288.05 | 4,315.79 | 4,343.53 | 4,371.27 |
| Woodie | 3,834.12 | 4,036.38 | 4,136.74 | 4,339.00 | 4,439.36 | 4,641.62 | 4,741.98 |
| Fibonacci | 4,053.36 | 4,168.96 | 4,240.38 | 4,355.98 | 4,471.58 | 4,543.00 | 4,658.60 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.59 | |
| MACD (12,26,9): | -53.7500 | |
| Directional Movement: | -18.96 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 4,274.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,296.09 | |
| Elder Ray (13): | -62.58 | |
| Super Trend (3,10): | 4,393.46 | |
| Zig ZAG (10): | 4,258.19 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 12.63 | |
| TEMA (21): | 4,238.69 | |
| Williams %R (14): | -83.30 | |
| Chande Momentum Oscillator (20): | -185.76 | |
| Repulse (5,40,3): | 0.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 8.51 |
| MA7: | 4,271.72 | |
| MA20: | 4,364.62 | |
| MA50: | 4,428.99 | |
| MA100: | 4,391.46 | |
| MAexp7: | 4,276.55 | |
| MAexp20: | 4,339.22 | |
| MAexp50: | 4,387.32 | |
| MAexp100: | 4,351.71 | |
| Price / MA7: | +0.86% | |
| Price / MA20: | -1.29% | |
| Price / MA50: | -2.72% | |
| Price / MA100: | -1.89% | |
| Price / MAexp7: | +0.75% | |
| Price / MAexp20: | -0.71% | |
| Price / MAexp50: | -1.80% | |
| Price / MAexp100: | -0.99% |
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:
-
SP 500 Forecast August 7, 2023
-
Weekly Technical Analysis: 12/06/2023 - US 500, EURUSD, USDJPY
-
XTB Market update on US500 - 21/03/2023
-
DXY, SP500 Slide as US Data Comes in Mixed | All Eyes on US Inflation Next Week
-
SP 500 and Risk Assets Consolidate as Technicals and Fundamentals Appear at Odds with Each Other
This member declared not having a position on this financial instrument or a related financial instrument.
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