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 - Daily - Technical analysis published on 10/16/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

50%

17%

33%

My opinion

Bearish under 4,508.66 USD

My targets

4,229.45 USD (-2.27%)

4,121.42 USD (-4.77%)

My analysis

There is a bearish trend on S&P500 INDEX both at the basic level and in the short term. A sale could be considered, so long as the price remains below 4,508.66 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 4,229.45 USD. Then the price could move towards 4,121.42 USD. Then 4,057.04 USD by extension. Be careful, a return to above the resistance 4,508.66 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

2.1

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

Additional analysis

Quotes

The S&P500 INDEX price is 4,327.78 USD. The price registered a decrease of -0.50% on the session and was traded between 4,311.97 USD and 4,377.10 USD over the period. The price is currently at +0.37% from its lowest and -1.13% from its highest.

4,311.97

4,377.10

4,327.78

Here is a more detailed summary of the historical variations registered by S&P500 INDEX:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this S&P500 INDEX chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4,121.42	4,229.45	4,305.20	4,327.78	4,371.03	4,508.66	4,588.96
Change (%)	-4.77%	-2.27%	-0.52%	-	+1.00%	+4.18%	+6.03%
Change	-206.36	-98.33	-22.58	-	+43.25	+180.88	+261.18
Level	Minor	Major	Major	-	Intermediate	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,235.67	4,273.82	4,300.80	4,338.95	4,365.93	4,404.08	4,431.06
Camarilla	4,309.87	4,315.84	4,321.81	4,327.78	4,333.75	4,339.72	4,345.69
Woodie	4,230.09	4,271.03	4,295.22	4,336.16	4,360.35	4,401.29	4,425.48
Fibonacci	4,273.82	4,298.70	4,314.07	4,338.95	4,363.83	4,379.20	4,404.08

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,177.04	4,230.41	4,279.10	4,332.47	4,381.16	4,434.53	4,483.22
Camarilla	4,299.71	4,309.07	4,318.43	4,327.78	4,337.14	4,346.49	4,355.85
Woodie	4,174.69	4,229.24	4,276.75	4,331.30	4,378.81	4,433.36	4,480.87
Fibonacci	4,230.41	4,269.40	4,293.49	4,332.47	4,371.46	4,395.55	4,434.53

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	46.09
MACD (12,26,9):	-23.0400
Directional Movement:	-3.53
AROON (14):	50.00
DEMA (21):	4,305.31
Parabolic SAR (0,02-0,02-0,2):	4,250.62
Elder Ray (13):	14.26
Super Trend (3,10):	4,393.46
Zig ZAG (10):	4,327.78
VORTEX (21):	0.8300
Stochastique (14,3,5):	79.76
TEMA (21):	4,306.82
Williams %R (14):	-34.28
Chande Momentum Oscillator (20):	53.27
Repulse (5,40,3):	-0.5300
ROCnROLL:	2
TRIX (15,9):	-0.1200
Courbe Coppock:	1.23

MA7:	4,330.70
MA20:	4,325.97
MA50:	4,404.11
MA100:	4,402.15
MAexp7:	4,332.36
MAexp20:	4,341.31
MAexp50:	4,377.92
MAexp100:	4,351.11
Price / MA7:	-0.07%
Price / MA20:	+0.04%
Price / MA50:	-1.73%
Price / MA100:	-1.69%
Price / MAexp7:	-0.11%
Price / MAexp20:	-0.31%
Price / MAexp50:	-1.15%
Price / MAexp100:	-0.54%

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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