S&P500 - MINI S&P500 FULL0624 - 1H - Technical analysis published on 01/03/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 4,798.88 USD
My targets
4,703.96 USD (-1.22%)
4,642.90 USD (-2.50%)
My analysis
S&P500 - MINI S&P500 FULL0322 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4,798.88 USD. The next support located at 4,703.96 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4,642.90 USD. Below this support, sellers could then target 4,558.50 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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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
The S&P500 - MINI S&P500 FULL0322 price is 4,762.00 USD. The price has increased by +0.07% since the last closing and was between 4,747.50 USD and 4,791.25 USD. This implies that the price is at +0.31% from its lowest and at -0.61% from its highest.4,747.50
4,791.25
4,762.00
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0322:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of S&P500 - MINI S&P500 FULL0322 indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 4,558.50 | 4,642.90 | 4,703.96 | 4,762.00 | 4,770.48 | 4,798.88 |
| Change (%) | -4.27% | -2.50% | -1.22% | - | +0.18% | +0.77% |
| Change | -203.50 | -119.10 | -58.04 | - | +8.48 | +36.88 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,718.50 | 4,734.50 | 4,746.50 | 4,762.50 | 4,774.50 | 4,790.50 | 4,802.50 |
| Camarilla | 4,750.80 | 4,753.37 | 4,755.93 | 4,758.50 | 4,761.07 | 4,763.63 | 4,766.20 |
| Woodie | 4,716.50 | 4,733.50 | 4,744.50 | 4,761.50 | 4,772.50 | 4,789.50 | 4,800.50 |
| Fibonacci | 4,734.50 | 4,745.20 | 4,751.80 | 4,762.50 | 4,773.20 | 4,779.80 | 4,790.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,628.08 | 4,670.67 | 4,714.58 | 4,757.17 | 4,801.08 | 4,843.67 | 4,887.58 |
| Camarilla | 4,734.71 | 4,742.64 | 4,750.57 | 4,758.50 | 4,766.43 | 4,774.36 | 4,782.29 |
| Woodie | 4,628.75 | 4,671.00 | 4,715.25 | 4,757.50 | 4,801.75 | 4,844.00 | 4,888.25 |
| Fibonacci | 4,670.67 | 4,703.71 | 4,724.12 | 4,757.17 | 4,790.21 | 4,810.62 | 4,843.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,259.33 | 4,375.67 | 4,567.08 | 4,683.42 | 4,874.83 | 4,991.17 | 5,182.58 |
| Camarilla | 4,673.87 | 4,702.08 | 4,730.29 | 4,758.50 | 4,786.71 | 4,814.92 | 4,843.13 |
| Woodie | 4,296.88 | 4,394.44 | 4,604.63 | 4,702.19 | 4,912.38 | 5,009.94 | 5,220.13 |
| Fibonacci | 4,375.67 | 4,493.23 | 4,565.86 | 4,683.42 | 4,800.98 | 4,873.61 | 4,991.17 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.21 | |
| MACD (12,26,9): | -1.0700 | |
| Directional Movement: | -17.32 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 4,773.18 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,789.52 | |
| Elder Ray (13): | -9.76 | |
| Super Trend (3,10): | 4,798.32 | |
| Zig ZAG (10): | 4,755.25 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 31.43 | |
| TEMA (21): | 4,771.48 | |
| Williams %R (14): | -83.43 | |
| Chande Momentum Oscillator (20): | -23.50 | |
| Repulse (5,40,3): | -0.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.13 |
| MA7: | 4,764.61 | |
| MA20: | 4,691.99 | |
| MA50: | 4,658.85 | |
| MA100: | 4,549.42 | |
| MAexp7: | 4,771.06 | |
| MAexp20: | 4,774.16 | |
| MAexp50: | 4,774.29 | |
| MAexp100: | 4,766.92 | |
| Price / MA7: | -0.05% | |
| Price / MA20: | +1.49% | |
| Price / MA50: | +2.21% | |
| Price / MA100: | +4.67% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.10% |
Quotes :
-
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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