S&P500 - MINI S&P500 FULL0624 - 1H - Technical analysis published on 09/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 3,310.25 USD
My targets
3,258.00 USD (-1.13%)
3,226.33 USD (-2.09%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on MINI S&P500 FULL1220. As long as you are under the resistance located at 3,310.25 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 3,258.00 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 3,226.33 USD as an objective. Crossing it would then enable sellers to target 2,941.30 USD. If the resistance 3,310.25 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MINI S&P500 FULL1220 rating 3,295.25 USD. The price is lower by -0.12% since the last closing with the lowest point at 3,285.25 USD and the highest point at 3,319.75 USD. The deviation from the price is +0.30% for the low point and -0.74% for the high point.3,285.25
3,319.75
3,295.25
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by MINI S&P500 FULL1220:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of MINI S&P500 FULL1220 in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,941.30 | 3,226.33 | 3,258.00 | 3,295.25 | 3,310.25 | 3,364.35 | 3,388.00 |
| Change (%) | -10.74% | -2.09% | -1.13% | - | +0.46% | +2.10% | +2.81% |
| Change | -353.95 | -68.92 | -37.25 | - | +15.00 | +69.10 | +92.75 |
| Level | Major | Major | Intermediate | - | Minor | Intermediate | 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 | 3,278.00 | 3,284.75 | 3,292.25 | 3,299.00 | 3,306.50 | 3,313.25 | 3,320.75 |
| Camarilla | 3,295.83 | 3,297.14 | 3,298.44 | 3,299.75 | 3,301.06 | 3,302.36 | 3,303.67 |
| Woodie | 3,278.38 | 3,284.94 | 3,292.63 | 3,299.19 | 3,306.88 | 3,313.44 | 3,321.13 |
| Fibonacci | 3,284.75 | 3,290.19 | 3,293.56 | 3,299.00 | 3,304.44 | 3,307.81 | 3,313.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,119.42 | 3,200.08 | 3,258.17 | 3,338.83 | 3,396.92 | 3,477.58 | 3,535.67 |
| Camarilla | 3,278.09 | 3,290.81 | 3,303.53 | 3,316.25 | 3,328.97 | 3,341.69 | 3,354.41 |
| Woodie | 3,108.13 | 3,194.44 | 3,246.88 | 3,333.19 | 3,385.63 | 3,471.94 | 3,524.38 |
| Fibonacci | 3,200.08 | 3,253.09 | 3,285.83 | 3,338.83 | 3,391.84 | 3,424.58 | 3,477.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,069.25 | 3,162.00 | 3,344.50 | 3,437.25 | 3,619.75 | 3,712.50 | 3,895.00 |
| Camarilla | 3,451.31 | 3,476.54 | 3,501.77 | 3,527.00 | 3,552.23 | 3,577.46 | 3,602.69 |
| Woodie | 3,114.13 | 3,184.44 | 3,389.38 | 3,459.69 | 3,664.63 | 3,734.94 | 3,939.88 |
| Fibonacci | 3,162.00 | 3,267.15 | 3,332.11 | 3,437.25 | 3,542.40 | 3,607.36 | 3,712.50 |
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): | 46.71 | |
| MACD (12,26,9): | 5.1800 | |
| Directional Movement: | -8.69 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 3,308.39 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,319.30 | |
| Elder Ray (13): | -7.47 | |
| Super Trend (3,10): | 3,286.12 | |
| Zig ZAG (10): | 3,297.50 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 33.90 | |
| TEMA (21): | 3,311.09 | |
| Williams %R (14): | -73.77 | |
| Chande Momentum Oscillator (20): | 1.75 | |
| Repulse (5,40,3): | -0.3600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.57 |
| MA7: | 3,305.68 | |
| MA20: | 3,379.89 | |
| MA50: | 3,352.62 | |
| MA100: | 3,209.75 | |
| MAexp7: | 3,304.48 | |
| MAexp20: | 3,300.72 | |
| MAexp50: | 3,295.89 | |
| MAexp100: | 3,306.72 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -2.50% | |
| Price / MA50: | -1.71% | |
| Price / MA100: | +2.66% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.02% | |
| Price / MAexp100: | -0.35% |
Quotes :
2020-09-23 14:44:23
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15 min delayed data
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CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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