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 01/30/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Slightly bullish
Technical indicators
22%
61%
17%
My opinion
Bearish under 4,113.75 USD
My targets
3,996.00 USD (-1.31%)
3,963.82 USD (-2.10%)
My analysis
The strong short-term decline in S&P500 - MINI S&P500 FULL0323 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 4,113.75 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 3,996.00 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,963.82 USD as an objective. Crossing it would then enable sellers to target 3,901.75 USD. Be careful, a return to above 4,113.75 USD could jeopardize the reversal.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
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 palaki06. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The S&P500 - MINI S&P500 FULL0323 price is 4,049.00 USD. On the day, this instrument lost -0.86% and was traded between 4,040.00 USD and 4,086.00 USD over the period. The price is currently at +0.22% from its lowest and -0.91% from its highest.

4,040.00
4,086.00
4,049.00

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bearish opening

Type : Bearish

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 several elements:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of S&P500 - MINI S&P500 FULL0323 in 1H 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. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 3,901.75 3,963.82 3,996.00 4,049.00 4,057.17 4,113.75 4,228.00
Change (%) -3.64% -2.10% -1.31% - +0.20% +1.60% +4.42%
Change -147.25 -85.18 -53.00 - +8.17 +64.75 +179.00
Level Minor Intermediate Minor - Major Intermediate Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,005.924,031.584,057.924,083.584,109.924,135.584,161.92
Camarilla4,069.954,074.724,079.484,084.254,089.024,093.784,098.55
Woodie4,006.254,031.754,058.254,083.754,110.254,135.754,162.25
Fibonacci4,031.584,051.454,063.724,083.584,103.454,115.724,135.58


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,849.253,906.253,995.254,052.254,141.254,198.254,287.25
Camarilla4,044.104,057.484,070.874,084.254,097.634,111.024,124.40
Woodie3,865.253,914.254,011.254,060.254,157.254,206.254,303.25
Fibonacci3,906.253,962.023,996.484,052.254,108.024,142.484,198.25


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,314.833,551.673,706.333,943.174,097.834,334.674,489.33
Camarilla3,753.343,789.233,825.113,861.003,896.893,932.783,968.66
Woodie3,273.753,531.133,665.253,922.634,056.754,314.134,448.25
Fibonacci3,551.673,701.223,793.613,943.174,092.724,185.114,334.67

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): 39.89
MACD (12,26,9): -5.0200
Directional Movement: -14.70
AROON (14): -85.71
DEMA (21): 4,057.89
Parabolic SAR (0,02-0,02-0,2): 4,067.11
Elder Ray (13): -9.53
Super Trend (3,10): 4,074.87
Zig ZAG (10): 4,051.00
VORTEX (21): 0.9200
Stochastique (14,3,5): 17.82
TEMA (21): 4,048.60
Williams %R (14): -74.71
Chande Momentum Oscillator (20): -23.75
Repulse (5,40,3): 0.0700
ROCnROLL: 2
TRIX (15,9): 0.0000
Courbe Coppock: 1.50
MA7: 4,043.00
MA20: 3,975.60
MA50: 3,973.32
MA100: 3,904.94
MAexp7: 4,053.32
MAexp20: 4,062.18
MAexp50: 4,059.15
MAexp100: 4,044.98
Price / MA7: +0.15%
Price / MA20: +1.85%
Price / MA50: +1.90%
Price / MA100: +3.69%
Price / MAexp7: -0.11%
Price / MAexp20: -0.32%
Price / MAexp50: -0.25%
Price / MAexp100: +0.10%

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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