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
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
33%
50%
17%
My opinion
Bearish under 4,113.75 USD
My targets
3,996.00 USD (-1.44%)
3,963.82 USD (-2.23%)
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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
0.9
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Additional analysis
Quotes
S&P500 - MINI S&P500 FULL0323 rating 4,054.25 USD. The price registered a decrease of -0.74% on the session with the lowest point at 4,040.00 USD and the highest point at 4,086.00 USD. The deviation from the price is +0.35% for the low point and -0.78% for the high point.4,040.00
4,086.00
4,054.25
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.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0323:
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 this 1H chart of S&P500 - MINI S&P500 FULL0323 indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently being given by short-term moving averages indicate that this slightly bullish trend could be reversed. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 3 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
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 | 4,054.25 | 4,057.17 | 4,113.75 | 4,228.00 |
| Change (%) | -3.76% | -2.23% | -1.44% | - | +0.07% | +1.47% | +4.29% |
| Change | -152.50 | -90.43 | -58.25 | - | +2.92 | +59.50 | +173.75 |
| 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): | 42.50 | |
| MACD (12,26,9): | -4.9100 | |
| Directional Movement: | -11.59 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 4,057.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,062.77 | |
| Elder Ray (13): | -5.55 | |
| Super Trend (3,10): | 4,074.87 | |
| Zig ZAG (10): | 4,054.25 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 28.22 | |
| TEMA (21): | 4,048.45 | |
| Williams %R (14): | -64.97 | |
| Chande Momentum Oscillator (20): | -21.00 | |
| Repulse (5,40,3): | 0.1500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 1.46 |
| MA7: | 4,043.32 | |
| MA20: | 3,975.78 | |
| MA50: | 3,973.38 | |
| MA100: | 3,904.97 | |
| MAexp7: | 4,053.63 | |
| MAexp20: | 4,061.46 | |
| MAexp50: | 4,058.99 | |
| MAexp100: | 4,045.20 | |
| Price / MA7: | +0.27% | |
| Price / MA20: | +1.97% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +3.82% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | -0.18% | |
| Price / MAexp50: | -0.12% | |
| Price / MAexp100: | +0.22% |
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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