S&P400 - MINI S&P400 FULL1224 - Daily - Technical analysis published on 09/29/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
39%
22%
39%
My opinion
Bearish under 2,720.19 USD
My targets
2,639.99 USD (-1.73%)
2,575.40 USD (-4.13%)
My analysis
The current short-term bearish acceleration registered on S&P400 - MINI S&P400 FULL1221 should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 2,720.19 USD. Short-term sellers will use the support located at 2,639.99 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 2,575.40 USD. Crossing this support would then open the door for sellers to target 2,449.64 USD. Caution, if there is a return to below 2,720.19 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
1.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
S&P400 - MINI S&P400 FULL1221 rating 2,686.40 USD. The price registered an increase of +0.46% on the session and was between 2,676.20 USD and 2,691.70 USD. This implies that the price is at +0.38% from its lowest and at -0.20% from its highest.2,676.20
2,691.70
2,686.40
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 (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this S&P400 - MINI S&P400 FULL1221 chart shows a neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2,575.40 | 2,639.99 | 2,678.94 | 2,686.40 | 2,720.19 | 2,766.80 |
| Change (%) | -4.13% | -1.73% | -0.28% | - | +1.26% | +2.99% |
| Change | -111.00 | -46.41 | -7.46 | - | +33.79 | +80.40 |
| Level | Major | Major | Intermediate | - | 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 | 2,605.03 | 2,638.07 | 2,656.13 | 2,689.17 | 2,707.23 | 2,740.27 | 2,758.33 |
| Camarilla | 2,660.15 | 2,664.83 | 2,669.52 | 2,674.20 | 2,678.88 | 2,683.57 | 2,688.25 |
| Woodie | 2,597.55 | 2,634.33 | 2,648.65 | 2,685.43 | 2,699.75 | 2,736.53 | 2,750.85 |
| Fibonacci | 2,638.07 | 2,657.59 | 2,669.65 | 2,689.17 | 2,708.69 | 2,720.75 | 2,740.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,501.13 | 2,547.07 | 2,618.93 | 2,664.87 | 2,736.73 | 2,782.67 | 2,854.53 |
| Camarilla | 2,658.41 | 2,669.20 | 2,680.00 | 2,690.80 | 2,701.60 | 2,712.40 | 2,723.20 |
| Woodie | 2,514.10 | 2,553.55 | 2,631.90 | 2,671.35 | 2,749.70 | 2,789.15 | 2,867.50 |
| Fibonacci | 2,547.07 | 2,592.07 | 2,619.87 | 2,664.87 | 2,709.87 | 2,737.67 | 2,782.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,499.40 | 2,557.60 | 2,657.00 | 2,715.20 | 2,814.60 | 2,872.80 | 2,972.20 |
| Camarilla | 2,713.06 | 2,727.51 | 2,741.95 | 2,756.40 | 2,770.85 | 2,785.29 | 2,799.74 |
| Woodie | 2,520.00 | 2,567.90 | 2,677.60 | 2,725.50 | 2,835.20 | 2,883.10 | 2,992.80 |
| Fibonacci | 2,557.60 | 2,617.80 | 2,655.00 | 2,715.20 | 2,775.40 | 2,812.60 | 2,872.80 |
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): | 49.02 | |
| MACD (12,26,9): | -8.0000 | |
| Directional Movement: | -4.85 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 2,680.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,608.15 | |
| Elder Ray (13): | -1.37 | |
| Super Trend (3,10): | 2,747.94 | |
| Zig ZAG (10): | 2,686.30 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 70.24 | |
| TEMA (21): | 2,672.13 | |
| Williams %R (14): | -32.59 | |
| Chande Momentum Oscillator (20): | -16.20 | |
| Repulse (5,40,3): | -0.4200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 3.29 |
| MA7: | 2,677.14 | |
| MA20: | 2,695.95 | |
| MA50: | 2,700.67 | |
| MA100: | 2,695.98 | |
| MAexp7: | 2,682.93 | |
| MAexp20: | 2,690.13 | |
| MAexp50: | 2,695.21 | |
| MAexp100: | 2,675.04 | |
| Price / MA7: | +0.35% | |
| Price / MA20: | -0.35% | |
| Price / MA50: | -0.53% | |
| Price / MA100: | -0.36% | |
| Price / MAexp7: | +0.13% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | +0.42% |
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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