S&P500 - MINI S&P500 FULL0322
S&P500 - MINI S&P500 FULL0322
- USD (-)
- 10 min delayed data - CME E-mini Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: ESXXXX
ISIN: ESXXXX

S&P500 - MINI S&P500 FULL0322 - Daily - Technical analysis published on 12/03/2021 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
17%
56%
28%
My opinion
Bearish under 4,704.70 USD
My targets
4,291.25 USD (-4.83%)
4,058.75 USD (-9.99%)
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 - MINI S&P500 FULL1221 as long as the price remains well below 4,704.70 USD. The next bearish objective for sellers is set at 4,291.25 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4,058.75 USD. In case of crossing, the next objective would be the support located at 3,880.75 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 4,291.25 USD. With this support, against the trend traders who want to buy S&P500 - MINI S&P500 FULL1221 on a buy signal from their trading strategy should not hesitate to act.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
1.6

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly
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.

Additional analysis

Quotes

The S&P500 - MINI S&P500 FULL1221 price is 4,509.25 USD. On the day, this instrument lost -1.45% and was between 4,509.00 USD and 4,606.50 USD. This implies that the price is at +0.01% from its lowest and at -2.11% from its highest.

4,509.00
4,606.50
4,509.25

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of S&P500 - MINI S&P500 FULL1221 in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily



Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily


RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 3,880.75 4,058.75 4,291.25 4,509.25 4,544.50 4,704.70
Change (%) -13.94% -9.99% -4.83% - +0.78% +4.33%
Change -628.50 -450.50 -218.00 - +35.25 +195.45
Level Minor Intermediate Intermediate - Major Major



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,434.674,470.084,522.924,558.334,611.174,646.584,699.42
Camarilla4,551.484,559.574,567.664,575.754,583.844,591.934,600.02
Woodie4,443.384,474.444,531.634,562.694,619.884,650.944,708.13
Fibonacci4,470.084,503.804,524.624,558.334,592.054,612.874,646.58


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,371.924,474.584,535.174,637.834,698.424,801.084,861.67
Camarilla4,550.864,565.824,580.794,595.754,610.724,625.684,640.64
Woodie4,350.884,464.064,514.134,627.314,677.384,790.564,840.63
Fibonacci4,474.584,536.954,575.474,637.834,700.204,738.724,801.08


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,181.254,339.504,424.004,582.254,666.754,825.004,909.50
Camarilla4,441.744,464.004,486.254,508.504,530.754,553.004,575.26
Woodie4,144.384,321.064,387.134,563.814,629.884,806.564,872.63
Fibonacci4,339.504,432.234,489.524,582.254,674.984,732.274,825.00

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): 42.04
MACD (12,26,9): -2.7800
Directional Movement: -10.77
AROON (14): -50.00
DEMA (21): 4,625.86
Parabolic SAR (0,02-0,02-0,2): 4,700.27
Elder Ray (13): -48.79
Super Trend (3,10): 4,757.86
Zig ZAG (10): 4,531.25
VORTEX (21): 0.8900
Stochastique (14,3,5): 17.13
TEMA (21): 4,585.68
Williams %R (14): -85.79
Chande Momentum Oscillator (20): -153.50
Repulse (5,40,3): -2.8500
ROCnROLL: 2
TRIX (15,9): 0.0800
Courbe Coppock: 3.68
MA7: 4,589.89
MA20: 4,650.09
MA50: 4,543.13
MA100: 4,490.45
MAexp7: 4,580.74
MAexp20: 4,615.65
MAexp50: 4,570.11
MAexp100: 4,484.42
Price / MA7: -1.76%
Price / MA20: -3.03%
Price / MA50: -0.75%
Price / MA100: +0.42%
Price / MAexp7: -1.56%
Price / MAexp20: -2.31%
Price / MAexp50: -1.33%
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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