MICRO E-MINI S&P500 FULL0624 - 1H - Technical analysis published on 09/26/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 3,763.25 USD
My targets
3,600.75 USD (-2.13%)
3,492.50 USD (-5.08%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on MICRO E-MINI S&P500 FULL1222 as long as the price remains well below 3,763.25 USD. The sellers' bearish objective is set at 3,600.75 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,492.50 USD. In case of crossing, the next objective would be the support located at 3,323.00 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by sven-pro-trader. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICRO E-MINI S&P500 FULL1222 rating 3,679.25 USD. The price is lower by -0.80% since the last closing and was between 3,671.50 USD and 3,718.00 USD. This implies that the price is at +0.21% from its lowest and at -1.04% from its highest.3,671.50
3,718.00
3,679.25
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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
Technical analysis of this 1H chart of MICRO E-MINI S&P500 FULL1222 indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,155.50 | 2,870.12 | 3,323.00 | 3,679.25 | 3,688.00 | 3,763.25 | 3,844.92 |
| Change (%) | -41.41% | -21.99% | -9.68% | - | +0.24% | +2.28% | +4.50% |
| Change | -1,523.75 | -809.13 | -356.25 | - | +8.75 | +84.00 | +165.67 |
| Level | Major | Major | Intermediate | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,528.08 | 3,594.17 | 3,651.58 | 3,717.67 | 3,775.08 | 3,841.17 | 3,898.58 |
| Camarilla | 3,675.04 | 3,686.36 | 3,697.68 | 3,709.00 | 3,720.32 | 3,731.64 | 3,742.96 |
| Woodie | 3,523.75 | 3,592.00 | 3,647.25 | 3,715.50 | 3,770.75 | 3,839.00 | 3,894.25 |
| Fibonacci | 3,594.17 | 3,641.34 | 3,670.49 | 3,717.67 | 3,764.84 | 3,793.99 | 3,841.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,324.75 | 3,492.50 | 3,600.75 | 3,768.50 | 3,876.75 | 4,044.50 | 4,152.75 |
| Camarilla | 3,633.10 | 3,658.40 | 3,683.70 | 3,709.00 | 3,734.30 | 3,759.60 | 3,784.90 |
| Woodie | 3,295.00 | 3,477.63 | 3,571.00 | 3,753.63 | 3,847.00 | 4,029.63 | 4,123.00 |
| Fibonacci | 3,492.50 | 3,597.93 | 3,663.07 | 3,768.50 | 3,873.93 | 3,939.07 | 4,044.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,398.00 | 3,659.00 | 3,822.25 | 4,083.25 | 4,246.50 | 4,507.50 | 4,670.75 |
| Camarilla | 3,868.83 | 3,907.72 | 3,946.61 | 3,985.50 | 4,024.39 | 4,063.28 | 4,102.17 |
| Woodie | 3,349.13 | 3,634.56 | 3,773.38 | 4,058.81 | 4,197.63 | 4,483.06 | 4,621.88 |
| Fibonacci | 3,659.00 | 3,821.06 | 3,921.19 | 4,083.25 | 4,245.31 | 4,345.44 | 4,507.50 |
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): | 41.52 | |
| MACD (12,26,9): | -14.7100 | |
| Directional Movement: | -9.78 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 3,674.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,716.16 | |
| Elder Ray (13): | -7.57 | |
| Super Trend (3,10): | 3,729.13 | |
| Zig ZAG (10): | 3,687.00 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 26.56 | |
| TEMA (21): | 3,680.60 | |
| Williams %R (14): | -68.28 | |
| Chande Momentum Oscillator (20): | 1.00 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 0.58 |
| MA7: | 3,807.07 | |
| MA20: | 3,925.28 | |
| MA50: | 4,054.85 | |
| MA100: | 3,994.24 | |
| MAexp7: | 3,685.23 | |
| MAexp20: | 3,696.32 | |
| MAexp50: | 3,732.86 | |
| MAexp100: | 3,783.69 | |
| Price / MA7: | -3.36% | |
| Price / MA20: | -6.27% | |
| Price / MA50: | -9.26% | |
| Price / MA100: | -7.89% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.46% | |
| Price / MAexp50: | -1.44% | |
| Price / MAexp100: | -2.76% |
Quotes :
-
10 min delayed data
-
CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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