S&P500 - MINI S&P500 FULL0624
S&P500 - MINI S&P500 FULL0624
- 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 FULL0624 - 1H - Technical analysis published on 01/18/2022 (GMT)

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  • Timeframe : 1H
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  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
78%
6%
My opinion
Bearish under 4,606.08 USD
My targets
4,558.50 USD (-0.71%)
4,387.96 USD (-4.43%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on S&P500 - MINI S&P500 FULL0322 as long as the price remains well below 4,606.08 USD. The sellers' bearish objective is set at 4,558.50 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4,387.96 USD. In case of crossing, the next objective would be the support located at 4,287.89 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

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
8

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:
15 min. Daily Weekly

Additional analysis

Quotes

The S&P500 - MINI S&P500 FULL0322 price is 4,591.25 USD. The price is lower by -1.36% since the last closing and was traded between 4,578.25 USD and 4,661.75 USD over the period. The price is currently at +0.28% from its lowest and -1.51% from its highest.

4,578.25
4,661.75
4,591.25

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0322:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this S&P500 - MINI S&P500 FULL0322 chart shows a sharp bearish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, 14 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


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.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 4,287.89 4,387.96 4,558.50 4,591.25 4,606.08 4,650.94 4,667.14
Change (%) -6.61% -4.43% -0.71% - +0.32% +1.30% +1.65%
Change -303.36 -203.29 -32.75 - +14.83 +59.69 +75.89
Level Major Minor Major - Intermediate Minor 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
Standard4,605.424,622.084,638.424,655.084,671.424,688.084,704.42
Camarilla4,645.684,648.704,651.734,654.754,657.784,660.804,663.83
Woodie4,605.254,622.004,638.254,655.004,671.254,688.004,704.25
Fibonacci4,622.084,634.694,642.484,655.084,667.694,675.484,688.08


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,405.084,488.924,571.834,655.674,738.584,822.424,905.33
Camarilla4,608.894,624.184,639.474,654.754,670.044,685.324,700.61
Woodie4,404.634,488.694,571.384,655.444,738.134,822.194,904.88
Fibonacci4,488.924,552.624,591.974,655.674,719.374,758.724,822.42


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,246.834,365.674,562.084,680.924,877.334,996.175,192.58
Camarilla4,671.814,700.704,729.604,758.504,787.404,816.304,845.19
Woodie4,285.634,385.064,600.884,700.314,916.135,015.565,231.38
Fibonacci4,365.674,486.094,560.494,680.924,801.344,875.744,996.17

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): 27.43
MACD (12,26,9): -15.2600
Directional Movement: -27.79
AROON (14): -92.86
DEMA (21): 4,604.40
Parabolic SAR (0,02-0,02-0,2): 4,622.30
Elder Ray (13): -21.62
Super Trend (3,10): 4,636.70
Zig ZAG (10): 4,602.00
VORTEX (21): 0.7200
Stochastique (14,3,5): 17.58
TEMA (21): 4,597.66
Williams %R (14): -86.81
Chande Momentum Oscillator (20): -37.50
Repulse (5,40,3): -0.4400
ROCnROLL: 2
TRIX (15,9): -0.0300
Courbe Coppock: 2.14
MA7: 4,662.11
MA20: 4,708.96
MA50: 4,669.30
MA100: 4,567.20
MAexp7: 4,605.06
MAexp20: 4,622.07
MAexp50: 4,640.73
MAexp100: 4,657.98
Price / MA7: -1.52%
Price / MA20: -2.50%
Price / MA50: -1.67%
Price / MA100: +0.53%
Price / MAexp7: -0.30%
Price / MAexp20: -0.67%
Price / MAexp50: -1.07%
Price / MAexp100: -1.43%

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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