S&P500 - MINI S&P500 FULL0624 - Daily - Technical analysis published on 12/03/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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
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.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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:
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:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
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:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 4,434.67 | 4,470.08 | 4,522.92 | 4,558.33 | 4,611.17 | 4,646.58 | 4,699.42 |
| Camarilla | 4,551.48 | 4,559.57 | 4,567.66 | 4,575.75 | 4,583.84 | 4,591.93 | 4,600.02 |
| Woodie | 4,443.38 | 4,474.44 | 4,531.63 | 4,562.69 | 4,619.88 | 4,650.94 | 4,708.13 |
| Fibonacci | 4,470.08 | 4,503.80 | 4,524.62 | 4,558.33 | 4,592.05 | 4,612.87 | 4,646.58 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,371.92 | 4,474.58 | 4,535.17 | 4,637.83 | 4,698.42 | 4,801.08 | 4,861.67 |
| Camarilla | 4,550.86 | 4,565.82 | 4,580.79 | 4,595.75 | 4,610.72 | 4,625.68 | 4,640.64 |
| Woodie | 4,350.88 | 4,464.06 | 4,514.13 | 4,627.31 | 4,677.38 | 4,790.56 | 4,840.63 |
| Fibonacci | 4,474.58 | 4,536.95 | 4,575.47 | 4,637.83 | 4,700.20 | 4,738.72 | 4,801.08 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,181.25 | 4,339.50 | 4,424.00 | 4,582.25 | 4,666.75 | 4,825.00 | 4,909.50 |
| Camarilla | 4,441.74 | 4,464.00 | 4,486.25 | 4,508.50 | 4,530.75 | 4,553.00 | 4,575.26 |
| Woodie | 4,144.38 | 4,321.06 | 4,387.13 | 4,563.81 | 4,629.88 | 4,806.56 | 4,872.63 |
| Fibonacci | 4,339.50 | 4,432.23 | 4,489.52 | 4,582.25 | 4,674.98 | 4,732.27 | 4,825.00 |
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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