MICRO E-MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 09/26/2022 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 3,717.67 USD
My targets
3,651.58 USD (-0.85%)
3,594.17 USD (-2.41%)
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 3,717.67 USD. The next bearish objective for sellers is set at 3,651.58 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3,594.17 USD. If there is any crossing, the next objective would be the support located at 3,528.08 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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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 3,682.75 USD. The price registered a decrease of -0.71% on the session with the lowest point at 3,671.50 USD and the highest point at 3,718.00 USD. The deviation from the price is +0.31% for the low point and -0.95% for the high point.3,671.50
3,718.00
3,682.75
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 MICRO E-MINI S&P500 FULL1222:
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 15 min. chart of MICRO E-MINI S&P500 FULL1222 indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
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 | 3,682.75 | 3,688.00 | 3,763.25 | 3,844.92 |
| Change (%) | -41.47% | -22.07% | -9.77% | - | +0.14% | +2.19% | +4.40% |
| Change | -1,527.25 | -812.63 | -359.75 | - | +5.25 | +80.50 | +162.17 |
| Level | Major | Major | Intermediate | - | Major | Minor | Minor |
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 | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.50 | |
| MACD (12,26,9): | -2.1400 | |
| Directional Movement: | -2.73 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 3,684.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,703.26 | |
| Elder Ray (13): | -1.09 | |
| Super Trend (3,10): | 3,707.22 | |
| Zig ZAG (10): | 3,686.75 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 36.54 | |
| TEMA (21): | 3,683.49 | |
| Williams %R (14): | -59.86 | |
| Chande Momentum Oscillator (20): | -11.00 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.93 |
| MA7: | 3,807.07 | |
| MA20: | 3,925.28 | |
| MA50: | 4,054.85 | |
| MA100: | 3,994.24 | |
| MAexp7: | 3,683.95 | |
| MAexp20: | 3,686.70 | |
| MAexp50: | 3,690.82 | |
| MAexp100: | 3,703.09 | |
| Price / MA7: | -3.27% | |
| Price / MA20: | -6.18% | |
| Price / MA50: | -9.18% | |
| Price / MA100: | -7.80% | |
| Price / MAexp7: | -0.03% | |
| Price / MAexp20: | -0.11% | |
| Price / MAexp50: | -0.22% | |
| Price / MAexp100: | -0.55% |
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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