S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 04/30/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 5,140.00 USD
My targets
5,104.50 USD (-0.47%)
5,090.25 USD (-0.75%)
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 5,140.00 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 5,104.50 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 5,090.25 USD as an objective. Crossing it would then enable sellers to target 5,073.75 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 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
7.7
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 price is 5,128.75 USD. The price is lower by -0.36% since the last closing with the lowest point at 5,120.50 USD and the highest point at 5,148.50 USD. The deviation from the price is +0.16% for the low point and -0.38% for the high point.5,120.50
5,148.50
5,128.75
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 this 15 min. chart of S&P500 - MINI S&P500 FULL0624 indicates that the overall trend is strongly bearish. 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 scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 15 minutes
In fact, 11 technical indicators on 18 studied are currently positioned bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 5,022.42 | 5,058.00 | 5,073.75 | 5,128.75 | 5,128.85 | 5,154.25 | 5,203.75 |
| Change (%) | -2.07% | -1.38% | -1.07% | - | +0.00% | +0.50% | +1.46% |
| Change | -106.33 | -70.75 | -55.00 | - | +0.10 | +25.50 | +75.00 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
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 |
|---|---|---|---|---|---|---|---|
| Standard | 5,090.25 | 5,104.50 | 5,125.75 | 5,140.00 | 5,161.25 | 5,175.50 | 5,196.75 |
| Camarilla | 5,137.24 | 5,140.49 | 5,143.75 | 5,147.00 | 5,150.25 | 5,153.51 | 5,156.76 |
| Woodie | 5,093.75 | 5,106.25 | 5,129.25 | 5,141.75 | 5,164.75 | 5,177.25 | 5,200.25 |
| Fibonacci | 5,104.50 | 5,118.06 | 5,126.44 | 5,140.00 | 5,153.56 | 5,161.94 | 5,175.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,902.33 | 4,954.17 | 5,042.83 | 5,094.67 | 5,183.33 | 5,235.17 | 5,323.83 |
| Camarilla | 5,092.86 | 5,105.74 | 5,118.62 | 5,131.50 | 5,144.38 | 5,157.26 | 5,170.14 |
| Woodie | 4,920.75 | 4,963.38 | 5,061.25 | 5,103.88 | 5,201.75 | 5,244.38 | 5,342.25 |
| Fibonacci | 4,954.17 | 5,007.84 | 5,041.00 | 5,094.67 | 5,148.34 | 5,181.50 | 5,235.17 |
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): | 29.54 | |
| MACD (12,26,9): | -1.6200 | |
| Directional Movement: | -29.48 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 5,137.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,145.25 | |
| Elder Ray (13): | -10.17 | |
| Super Trend (3,10): | 5,144.14 | |
| Zig ZAG (10): | 5,127.25 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 42.02 | |
| TEMA (21): | 5,135.68 | |
| Williams %R (14): | -76.00 | |
| Chande Momentum Oscillator (20): | -11.50 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.17 |
| MA7: | 5,106.75 | |
| MA20: | 5,145.43 | |
| MA50: | 5,184.74 | |
| MA100: | 5,055.06 | |
| MAexp7: | 5,133.04 | |
| MAexp20: | 5,138.70 | |
| MAexp50: | 5,140.49 | |
| MAexp100: | 5,140.72 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | -0.32% | |
| Price / MA50: | -1.08% | |
| Price / MA100: | +1.46% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.20% | |
| Price / MAexp50: | -0.23% | |
| Price / MAexp100: | -0.24% |
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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