S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/01/2024 (GMT)
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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
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 5,088.83 USD
My targets
5,029.17 USD (-0.49%)
4,991.33 USD (-1.24%)
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 5,088.83 USD remains possible. It is advisable to trade S&P500 - MINI S&P500 FULL0624 with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 5,088.83 USD. The next bearish objective for sellers is set at 5,029.17 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4,991.33 USD. In case of crossing, the next objective would be the support located at 4,931.67 USD. PS: if there is a bullish break in the resistance located at 5,088.83 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
0
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 rating is 5,054.00 USD. On the day, this instrument lost -0.26% with the lowest point at 5,037.75 USD and the highest point at 5,065.50 USD. The deviation from the price is +0.32% for the low point and -0.23% for the high point.5,037.75
5,065.50
5,054.00
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
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this S&P500 - MINI S&P500 FULL0624 chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
MACD indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 4,963.50 | 5,006.00 | 5,022.42 | 5,054.00 | 5,058.00 | 5,073.75 | 5,104.90 |
| Change (%) | -1.79% | -0.95% | -0.62% | - | +0.08% | +0.39% | +1.01% |
| Change | -90.50 | -48.00 | -31.58 | - | +4.00 | +19.75 | +50.90 |
| Level | Minor | Minor | Major | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,931.67 | 4,991.33 | 5,029.17 | 5,088.83 | 5,126.67 | 5,186.33 | 5,224.17 |
| Camarilla | 5,040.19 | 5,049.13 | 5,058.06 | 5,067.00 | 5,075.94 | 5,084.88 | 5,093.81 |
| Woodie | 4,920.75 | 4,985.88 | 5,018.25 | 5,083.38 | 5,115.75 | 5,180.88 | 5,213.25 |
| Fibonacci | 4,991.33 | 5,028.58 | 5,051.59 | 5,088.83 | 5,126.08 | 5,149.09 | 5,186.33 |
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 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): | 62.46 | |
| MACD (12,26,9): | -0.1000 | |
| Directional Movement: | 7.20 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 5,049.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,045.29 | |
| Elder Ray (13): | 6.89 | |
| Super Trend (3,10): | 5,042.65 | |
| Zig ZAG (10): | 5,058.75 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 88.02 | |
| TEMA (21): | 5,052.37 | |
| Williams %R (14): | -13.48 | |
| Chande Momentum Oscillator (20): | 17.25 | |
| Repulse (5,40,3): | 0.0500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.36 |
| MA7: | 5,099.57 | |
| MA20: | 5,132.07 | |
| MA50: | 5,183.63 | |
| MA100: | 5,057.82 | |
| MAexp7: | 5,054.32 | |
| MAexp20: | 5,050.50 | |
| MAexp50: | 5,056.87 | |
| MAexp100: | 5,073.19 | |
| Price / MA7: | -0.89% | |
| Price / MA20: | -1.52% | |
| Price / MA50: | -2.50% | |
| Price / MA100: | -0.08% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | -0.38% |
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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