S&P500 INDEX

- USD (-)

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

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Type:	Indices
Ticker:	SP500
ISIN:

S&P500 INDEX - Daily - Technical analysis published on 12/19/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Slightly bullish

Technical indicators

17%

39%

44%

My opinion

Bearish under 6,090.27 USD

My targets

5,667.20 USD (-3.49%)

5,406.58 USD (-7.93%)

My analysis

The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for S&P500 INDEX as long as the price remains well below 6,090.27 USD. The next bearish objective for sellers is set at 5,667.20 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5,406.58 USD. In case of crossing, the next objective would be the support located at 5,186.33 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 5,667.20 USD. With this support, against the trend traders who want to buy S&P500 INDEX on a buy signal from their trading strategy should not hesitate to act.

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

1.1

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 Cedric345. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The S&P500 INDEX rating is 5,872.16 USD. On the day, this instrument lost -2.95% and was between 5,867.79 USD and 6,070.67 USD. This implies that the price is at +0.07% from its lowest and at -3.27% from its highest.

5,867.79

6,070.67

5,872.16

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 (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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 slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 7 technical indicators out of 18 analysed are currently bearish. 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

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Long black line

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	5,186.33	5,406.58	5,667.20	5,872.16	6,090.27
Change (%)	-11.68%	-7.93%	-3.49%	-	+3.71%
Change	-685.83	-465.58	-204.96	-	+218.11
Level	Major	Minor	Major	-	Major

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	5,600.20	5,733.99	5,803.08	5,936.87	6,005.96	6,139.75	6,208.84
Camarilla	5,816.37	5,834.97	5,853.56	5,872.16	5,890.76	5,909.36	5,927.95
Woodie	5,567.84	5,717.82	5,770.72	5,920.70	5,973.60	6,123.58	6,176.48
Fibonacci	5,733.99	5,811.49	5,859.37	5,936.87	6,014.37	6,062.25	6,139.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,960.42	5,995.16	6,023.12	6,057.86	6,085.82	6,120.56	6,148.52
Camarilla	6,033.85	6,039.60	6,045.34	6,051.09	6,056.84	6,062.59	6,068.33
Woodie	5,957.04	5,993.47	6,019.74	6,056.17	6,082.44	6,118.87	6,145.14
Fibonacci	5,995.16	6,019.11	6,033.91	6,057.86	6,081.81	6,096.61	6,120.56

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,456.88	5,576.69	5,804.54	5,924.35	6,152.20	6,272.01	6,499.86
Camarilla	5,936.77	5,968.64	6,000.51	6,032.38	6,064.25	6,096.12	6,127.99
Woodie	5,510.89	5,603.70	5,858.55	5,951.36	6,206.21	6,299.02	6,553.87
Fibonacci	5,576.69	5,709.50	5,791.55	5,924.35	6,057.16	6,139.21	6,272.01

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):	37.56
MACD (12,26,9):	27.6200
Directional Movement:	-19.68
AROON (14):	-57.14
DEMA (21):	6,055.91
Parabolic SAR (0,02-0,02-0,2):	6,091.97
Elder Ray (13):	-51.52
Super Trend (3,10):	6,140.48
Zig ZAG (10):	5,872.16
VORTEX (21):	0.9200
Stochastique (14,3,5):	45.50
TEMA (21):	6,034.43
Williams %R (14):	-98.12
Chande Momentum Oscillator (20):	-174.99
Repulse (5,40,3):	-4.3100
ROCnROLL:	2
TRIX (15,9):	0.1200
Courbe Coppock:	1.21

MA7:	6,031.18
MA20:	6,024.77
MA50:	5,922.51
MA100:	5,743.46
MAexp7:	6,011.24
MAexp20:	6,009.21
MAexp50:	5,920.78
MAexp100:	5,779.15
Price / MA7:	-2.64%
Price / MA20:	-2.53%
Price / MA50:	-0.85%
Price / MA100:	+2.24%
Price / MAexp7:	-2.31%
Price / MAexp20:	-2.28%
Price / MAexp50:	-0.82%
Price / MAexp100:	+1.61%

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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