S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/13/2024 (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 bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 5,262.58 USD
My targets
5,231.33 USD (-0.29%)
5,216.42 USD (-0.57%)
My analysis
S&P500 - MINI S&P500 FULL0624 is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 5,262.58 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 5,231.33 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 5,216.42 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 5,200.08 USD. Beware of a possible return to above the resistance located at 5,262.58 USD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3
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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
S&P500 - MINI S&P500 FULL0624 rating 5,246.50 USD. The price registered an increase of +0.01% on the session with the lowest point at 5,239.75 USD and the highest point at 5,264.00 USD. The deviation from the price is +0.13% for the low point and -0.33% for the high point.5,239.75
5,264.00
5,246.50
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
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 HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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 slightly bearish. 53.57% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 15 minutes
The technical indicators are generally neutral. They do not provide 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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 5,195.00 | 5,226.75 | 5,246.00 | 5,246.50 | 5,263.64 | 5,308.50 |
| Change (%) | -0.98% | -0.38% | -0.01% | - | +0.33% | +1.18% |
| Change | -51.50 | -19.75 | -0.50 | - | +17.14 | +62.00 |
| Level | Minor | Minor | Minor | - | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,200.08 | 5,216.42 | 5,231.33 | 5,247.67 | 5,262.58 | 5,278.92 | 5,293.83 |
| Camarilla | 5,237.66 | 5,240.52 | 5,243.39 | 5,246.25 | 5,249.12 | 5,251.98 | 5,254.84 |
| Woodie | 5,199.38 | 5,216.06 | 5,230.63 | 5,247.31 | 5,261.88 | 5,278.56 | 5,293.13 |
| Fibonacci | 5,216.42 | 5,228.35 | 5,235.73 | 5,247.67 | 5,259.60 | 5,266.98 | 5,278.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,071.75 | 5,113.75 | 5,180.00 | 5,222.00 | 5,288.25 | 5,330.25 | 5,396.50 |
| Camarilla | 5,216.48 | 5,226.40 | 5,236.33 | 5,246.25 | 5,256.17 | 5,266.10 | 5,276.02 |
| Woodie | 5,083.88 | 5,119.81 | 5,192.13 | 5,228.06 | 5,300.38 | 5,336.31 | 5,408.63 |
| Fibonacci | 5,113.75 | 5,155.10 | 5,180.65 | 5,222.00 | 5,263.35 | 5,288.90 | 5,330.25 |
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): | 40.60 | |
| MACD (12,26,9): | -0.3000 | |
| Directional Movement: | -17.83 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 5,254.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,261.48 | |
| Elder Ray (13): | -4.07 | |
| Super Trend (3,10): | 5,261.77 | |
| Zig ZAG (10): | 5,249.00 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 19.40 | |
| TEMA (21): | 5,252.62 | |
| Williams %R (14): | -86.57 | |
| Chande Momentum Oscillator (20): | -10.00 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.10 |
| MA7: | 5,217.32 | |
| MA20: | 5,127.89 | |
| MA50: | 5,191.44 | |
| MA100: | 5,088.29 | |
| MAexp7: | 5,252.02 | |
| MAexp20: | 5,254.04 | |
| MAexp50: | 5,252.32 | |
| MAexp100: | 5,249.03 | |
| Price / MA7: | +0.56% | |
| Price / MA20: | +2.31% | |
| Price / MA50: | +1.06% | |
| Price / MA100: | +3.11% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.05% |
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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