S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/10/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
44%
33%
My opinion
Bearish under 5,257.50 USD
My targets
5,226.25 USD (-0.35%)
5,207.75 USD (-0.71%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for S&P500 - MINI S&P500 FULL0624 as long as the price remains well below 5,257.50 USD. The next bearish objective for sellers is set at 5,226.25 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5,207.75 USD. In case of crossing, the next objective would be the support located at 5,176.50 USD. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 5,226.25 USD. With this support, against the trend traders who want to buy S&P500 - MINI S&P500 FULL0624 on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.1
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This analysis was given by Tallal Khan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 price is 5,244.75 USD. The price registered an increase of +0.11% on the session and was traded between 5,239.25 USD and 5,264.00 USD over the period. The price is currently at +0.10% from its lowest and -0.37% from its highest.5,239.25
5,264.00
5,244.75
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
A technical analysis in 15 min. of this S&P500 - MINI S&P500 FULL0624 chart shows a slightly bullish trend. 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. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
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
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 5,126.75 | 5,169.75 | 5,217.23 | 5,244.75 | 5,308.50 |
| Change (%) | -2.25% | -1.43% | -0.52% | - | +1.22% |
| Change | -118.00 | -75.00 | -27.52 | - | +63.75 |
| Level | Minor | Minor | Intermediate | - | Major |
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 | 5,158.00 | 5,176.50 | 5,207.75 | 5,226.25 | 5,257.50 | 5,276.00 | 5,307.25 |
| Camarilla | 5,225.32 | 5,229.88 | 5,234.44 | 5,239.00 | 5,243.56 | 5,248.12 | 5,252.68 |
| Woodie | 5,164.38 | 5,179.69 | 5,214.13 | 5,229.44 | 5,263.88 | 5,279.19 | 5,313.63 |
| Fibonacci | 5,176.50 | 5,195.51 | 5,207.25 | 5,226.25 | 5,245.26 | 5,257.00 | 5,276.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,941.25 | 4,988.75 | 5,071.75 | 5,119.25 | 5,202.25 | 5,249.75 | 5,332.75 |
| Camarilla | 5,118.86 | 5,130.83 | 5,142.79 | 5,154.75 | 5,166.71 | 5,178.68 | 5,190.64 |
| Woodie | 4,959.00 | 4,997.63 | 5,089.50 | 5,128.13 | 5,220.00 | 5,258.63 | 5,350.50 |
| Fibonacci | 4,988.75 | 5,038.60 | 5,069.40 | 5,119.25 | 5,169.10 | 5,199.90 | 5,249.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,558.83 | 4,761.17 | 4,903.83 | 5,106.17 | 5,248.83 | 5,451.17 | 5,593.83 |
| Camarilla | 4,951.63 | 4,983.25 | 5,014.88 | 5,046.50 | 5,078.13 | 5,109.75 | 5,141.38 |
| Woodie | 4,529.00 | 4,746.25 | 4,874.00 | 5,091.25 | 5,219.00 | 5,436.25 | 5,564.00 |
| Fibonacci | 4,761.17 | 4,892.96 | 4,974.38 | 5,106.17 | 5,237.96 | 5,319.38 | 5,451.17 |
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): | 41.32 | |
| MACD (12,26,9): | 0.7700 | |
| Directional Movement: | -5.36 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 5,255.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,264.00 | |
| Elder Ray (13): | -4.31 | |
| Super Trend (3,10): | 5,265.35 | |
| Zig ZAG (10): | 5,247.00 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 37.24 | |
| TEMA (21): | 5,253.59 | |
| Williams %R (14): | -89.16 | |
| Chande Momentum Oscillator (20): | -10.00 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.12 |
| MA7: | 5,194.71 | |
| MA20: | 5,120.75 | |
| MA50: | 5,190.73 | |
| MA100: | 5,083.96 | |
| MAexp7: | 5,251.13 | |
| MAexp20: | 5,254.45 | |
| MAexp50: | 5,250.16 | |
| MAexp100: | 5,241.79 | |
| Price / MA7: | +0.96% | |
| Price / MA20: | +2.42% | |
| Price / MA50: | +1.04% | |
| Price / MA100: | +3.16% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | +0.05% |
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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