S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 01/30/2023 (GMT)
- 95
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 4,083.58 USD
My targets
4,031.58 USD (-0.59%)
4,005.92 USD (-1.22%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 4,083.58 USD remains possible. It is advisable to trade S&P500 - MINI S&P500 FULL0323 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 4,083.58 USD. The next bearish objective for sellers is set at 4,031.58 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4,005.92 USD. In case of crossing, the next objective would be the support located at 3,996.00 USD. PS: if there is a bullish break in the resistance located at 4,083.58 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0323 price is 4,055.50 USD. On the day, this instrument lost -0.70% and was traded between 4,040.00 USD and 4,086.00 USD over the period. The price is currently at +0.38% from its lowest and -0.75% from its highest.4,040.00
4,086.00
4,055.50
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of S&P500 - MINI S&P500 FULL0323 in 15 min. shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : 15 minutes
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 3,901.75 | 3,963.82 | 3,996.00 | 4,055.50 | 4,057.17 | 4,113.75 | 4,228.00 |
Change (%) | -3.79% | -2.26% | -1.47% | - | +0.04% | +1.44% | +4.25% |
Change | -153.75 | -91.68 | -59.50 | - | +1.67 | +58.25 | +172.50 |
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 |
---|---|---|---|---|---|---|---|
Standard | 4,005.92 | 4,031.58 | 4,057.92 | 4,083.58 | 4,109.92 | 4,135.58 | 4,161.92 |
Camarilla | 4,069.95 | 4,074.72 | 4,079.48 | 4,084.25 | 4,089.02 | 4,093.78 | 4,098.55 |
Woodie | 4,006.25 | 4,031.75 | 4,058.25 | 4,083.75 | 4,110.25 | 4,135.75 | 4,162.25 |
Fibonacci | 4,031.58 | 4,051.45 | 4,063.72 | 4,083.58 | 4,103.45 | 4,115.72 | 4,135.58 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3,849.25 | 3,906.25 | 3,995.25 | 4,052.25 | 4,141.25 | 4,198.25 | 4,287.25 |
Camarilla | 4,044.10 | 4,057.48 | 4,070.87 | 4,084.25 | 4,097.63 | 4,111.02 | 4,124.40 |
Woodie | 3,865.25 | 3,914.25 | 4,011.25 | 4,060.25 | 4,157.25 | 4,206.25 | 4,303.25 |
Fibonacci | 3,906.25 | 3,962.02 | 3,996.48 | 4,052.25 | 4,108.02 | 4,142.48 | 4,198.25 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3,314.83 | 3,551.67 | 3,706.33 | 3,943.17 | 4,097.83 | 4,334.67 | 4,489.33 |
Camarilla | 3,753.34 | 3,789.23 | 3,825.11 | 3,861.00 | 3,896.89 | 3,932.78 | 3,968.66 |
Woodie | 3,273.75 | 3,531.13 | 3,665.25 | 3,922.63 | 4,056.75 | 4,314.13 | 4,448.25 |
Fibonacci | 3,551.67 | 3,701.22 | 3,793.61 | 3,943.17 | 4,092.72 | 4,185.11 | 4,334.67 |
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): | 47.74 | |
MACD (12,26,9): | -2.5900 | |
Directional Movement: | -10.82 | |
AROON (14): | 50.00 | |
DEMA (21): | 4,047.14 | |
Parabolic SAR (0,02-0,02-0,2): | 4,042.24 | |
Elder Ray (13): | 1.47 | |
Super Trend (3,10): | 4,056.60 | |
Zig ZAG (10): | 4,053.00 | |
VORTEX (21): | 1.0100 | |
Stochastique (14,3,5): | 85.71 | |
TEMA (21): | 4,049.80 | |
Williams %R (14): | -8.93 | |
Chande Momentum Oscillator (20): | 7.00 | |
Repulse (5,40,3): | 0.1300 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.0100 | |
Courbe Coppock: | 0.09 |
MA7: | 4,043.32 | |
MA20: | 3,975.78 | |
MA50: | 3,973.38 | |
MA100: | 3,904.97 | |
MAexp7: | 4,050.86 | |
MAexp20: | 4,051.39 | |
MAexp50: | 4,058.63 | |
MAexp100: | 4,063.33 | |
Price / MA7: | +0.30% | |
Price / MA20: | +2.01% | |
Price / MA50: | +2.07% | |
Price / MA100: | +3.85% | |
Price / MAexp7: | +0.11% | |
Price / MAexp20: | +0.10% | |
Price / MAexp50: | -0.08% | |
Price / MAexp100: | -0.19% |
Quotes :
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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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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