S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 04/25/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 5,076.92 USD
My targets
5,020.42 USD (-0.41%)
5,006.00 USD (-0.69%)
My analysis
The bearish trend is currently very strong for S&P500 - MINI S&P500 FULL0624. As long as the price remains below the resistance at 5,076.92 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 5,020.42 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5,006.00 USD as an objective. Crossing it would then enable sellers to target 4,963.50 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 rating is 5,041.00 USD. On the day, this instrument lost -1.30% with the lowest point at 5,022.25 USD and the highest point at 5,082.50 USD. The deviation from the price is +0.37% for the low point and -0.82% for the high point.5,022.25
5,082.50
5,041.00
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0624:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 FULL0624 in 15 min. shows a overall strongly 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, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is under support 3
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,897.75 | 4,963.50 | 5,006.00 | 5,041.00 | 5,047.75 | 5,073.75 | 5,124.25 |
| Change (%) | -2.84% | -1.54% | -0.69% | - | +0.13% | +0.65% | +1.65% |
| Change | -143.25 | -77.50 | -35.00 | - | +6.75 | +32.75 | +83.25 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Major |
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 | 5,020.42 | 5,046.33 | 5,076.92 | 5,102.83 | 5,133.42 | 5,159.33 | 5,189.92 |
| Camarilla | 5,091.96 | 5,097.14 | 5,102.32 | 5,107.50 | 5,112.68 | 5,117.86 | 5,123.04 |
| Woodie | 5,022.75 | 5,047.50 | 5,079.25 | 5,104.00 | 5,135.75 | 5,160.50 | 5,192.25 |
| Fibonacci | 5,046.33 | 5,067.92 | 5,081.25 | 5,102.83 | 5,124.42 | 5,137.75 | 5,159.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,657.33 | 4,810.42 | 4,907.08 | 5,060.17 | 5,156.83 | 5,309.92 | 5,406.58 |
| Camarilla | 4,935.07 | 4,957.96 | 4,980.86 | 5,003.75 | 5,026.64 | 5,049.54 | 5,072.43 |
| Woodie | 4,629.13 | 4,796.31 | 4,878.88 | 5,046.06 | 5,128.63 | 5,295.81 | 5,378.38 |
| Fibonacci | 4,810.42 | 4,905.82 | 4,964.76 | 5,060.17 | 5,155.57 | 5,214.51 | 5,309.92 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,964.25 | 5,045.75 | 5,170.50 | 5,252.00 | 5,376.75 | 5,458.25 | 5,583.00 |
| Camarilla | 5,238.53 | 5,257.44 | 5,276.34 | 5,295.25 | 5,314.16 | 5,333.06 | 5,351.97 |
| Woodie | 4,985.88 | 5,056.56 | 5,192.13 | 5,262.81 | 5,398.38 | 5,469.06 | 5,604.63 |
| Fibonacci | 5,045.75 | 5,124.54 | 5,173.21 | 5,252.00 | 5,330.79 | 5,379.46 | 5,458.25 |
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): | 40.27 | |
| MACD (12,26,9): | -9.8200 | |
| Directional Movement: | -18.20 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 5,037.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,050.61 | |
| Elder Ray (13): | -5.32 | |
| Super Trend (3,10): | 5,059.34 | |
| Zig ZAG (10): | 5,042.25 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 26.75 | |
| TEMA (21): | 5,032.10 | |
| Williams %R (14): | -65.24 | |
| Chande Momentum Oscillator (20): | -28.25 | |
| Repulse (5,40,3): | 0.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.32 |
| MA7: | 5,060.07 | |
| MA20: | 5,166.34 | |
| MA50: | 5,181.49 | |
| MA100: | 5,041.32 | |
| MAexp7: | 5,040.21 | |
| MAexp20: | 5,049.45 | |
| MAexp50: | 5,062.76 | |
| MAexp100: | 5,073.36 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | -2.43% | |
| Price / MA50: | -2.71% | |
| Price / MA100: | -0.01% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -0.64% |
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.
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