S&P500 - MINI S&P500 FULL0624 - Daily - Technical analysis published on 03/05/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Slightly bullish
Technical indicators
17%
67%
17%
My opinion
Bearish under 3,848.50 USD
My targets
3,705.34 USD (-1.38%)
3,579.25 USD (-4.73%)
My analysis
The strong short-term decline in S&P500 - MINI S&P500 FULL0321 calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 3,848.50 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 3,705.34 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,579.25 USD as an objective. Crossing it would then enable sellers to target 3,388.00 USD. Be careful, a return to above 3,848.50 USD could jeopardize the reversal.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0321 price is 3,757.00 USD. On the day, this instrument lost -0.23% and was traded between 3,756.75 USD and 3,771.00 USD over the period. The price is currently at +0.01% from its lowest and -0.37% from its highest.3,756.75
3,771.00
3,757.00
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 S&P500 - MINI S&P500 FULL0321:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of S&P500 - MINI S&P500 FULL0321 indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of 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 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3,388.00 | 3,579.25 | 3,705.34 | 3,757.00 | 3,848.50 | 3,950.50 |
| Change (%) | -9.82% | -4.73% | -1.38% | - | +2.44% | +5.15% |
| Change | -369.00 | -177.75 | -51.66 | - | +91.50 | +193.50 |
| Level | Major | Intermediate | Major | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,589.00 | 3,654.75 | 3,710.75 | 3,776.50 | 3,832.50 | 3,898.25 | 3,954.25 |
| Camarilla | 3,733.27 | 3,744.43 | 3,755.59 | 3,766.75 | 3,777.91 | 3,789.07 | 3,800.23 |
| Woodie | 3,584.13 | 3,652.31 | 3,705.88 | 3,774.06 | 3,827.63 | 3,895.81 | 3,949.38 |
| Fibonacci | 3,654.75 | 3,701.26 | 3,729.99 | 3,776.50 | 3,823.01 | 3,851.74 | 3,898.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,601.83 | 3,693.42 | 3,751.33 | 3,842.92 | 3,900.83 | 3,992.42 | 4,050.33 |
| Camarilla | 3,768.14 | 3,781.84 | 3,795.55 | 3,809.25 | 3,822.95 | 3,836.66 | 3,850.36 |
| Woodie | 3,585.00 | 3,685.00 | 3,734.50 | 3,834.50 | 3,884.00 | 3,984.00 | 4,033.50 |
| Fibonacci | 3,693.42 | 3,750.53 | 3,785.81 | 3,842.92 | 3,900.03 | 3,935.31 | 3,992.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,586.83 | 3,673.42 | 3,786.08 | 3,872.67 | 3,985.33 | 4,071.92 | 4,184.58 |
| Camarilla | 3,843.96 | 3,862.22 | 3,880.49 | 3,898.75 | 3,917.01 | 3,935.28 | 3,953.54 |
| Woodie | 3,599.88 | 3,679.94 | 3,799.13 | 3,879.19 | 3,998.38 | 4,078.44 | 4,197.63 |
| Fibonacci | 3,673.42 | 3,749.53 | 3,796.55 | 3,872.67 | 3,948.78 | 3,995.80 | 4,071.92 |
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): | 39.87 | |
| MACD (12,26,9): | -6.7900 | |
| Directional Movement: | -19.14 | |
| AROON (14): | -85.72 | |
| DEMA (21): | 3,849.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,898.00 | |
| Elder Ray (13): | -75.53 | |
| Super Trend (3,10): | 3,962.36 | |
| Zig ZAG (10): | 3,760.00 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 17.84 | |
| TEMA (21): | 3,813.43 | |
| Williams %R (14): | -84.08 | |
| Chande Momentum Oscillator (20): | -169.75 | |
| Repulse (5,40,3): | -2.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 4.75 |
| MA7: | 3,820.82 | |
| MA20: | 3,879.93 | |
| MA50: | 3,821.54 | |
| MA100: | 3,688.85 | |
| MAexp7: | 3,816.01 | |
| MAexp20: | 3,846.92 | |
| MAexp50: | 3,806.62 | |
| MAexp100: | 3,697.95 | |
| Price / MA7: | -1.67% | |
| Price / MA20: | -3.17% | |
| Price / MA50: | -1.69% | |
| Price / MA100: | +1.85% | |
| Price / MAexp7: | -1.55% | |
| Price / MAexp20: | -2.34% | |
| Price / MAexp50: | -1.30% | |
| Price / MAexp100: | +1.60% |
Quotes :
2021-03-05 00:04:21
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10 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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