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S&P400 - MINI S&P400 FULL0624
S&P400 - MINI S&P400 FULL0624
- USD (-)
- 10 min delayed data - CME E-mini Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: MCXXXX
ISIN: MCXXXX

S&P400 - MINI S&P400 FULL0624 - Daily - Technical analysis published on 05/18/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 2,551.70 USD
My targets
2,342.80 USD (-3.29%)
2,177.83 USD (-10.10%)
My analysis
The bearish trend is currently very strong for S&P400 - MINI S&P400 FULL0622. As long as the price remains below the resistance at 2,551.70 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,342.80 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,177.83 USD as an objective. Crossing it would then enable sellers to target 2,020.20 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
6.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

S&P400 - MINI S&P400 FULL0622 rating 2,422.50 USD. The price registered a decrease of -2.59% on the session and was traded between 2,422.50 USD and 2,493.40 USD over the period. The price is currently at 0% from its lowest and -2.84% from its highest.

2,422.50
2,493.40
2,422.50

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of S&P400 - MINI S&P400 FULL0622 in Daily shows a overall strongly bearish trend. 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 does not detect any result on moving averages that would impact this trend.

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Dark cloud cover

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,529.10 2,020.20 2,342.80 2,422.50 2,551.70 2,603.95 2,762.87
Change (%) -36.88% -16.61% -3.29% - +5.33% +7.49% +14.05%
Change -893.40 -402.30 -79.70 - +129.20 +181.45 +340.37
Level Intermediate Major Major - Major Intermediate Intermediate



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
Standard2,360.502,387.602,437.202,464.302,513.902,541.002,590.60
Camarilla2,465.712,472.742,479.772,486.802,493.832,500.862,507.89
Woodie2,371.752,393.232,448.452,469.932,525.152,546.632,601.85
Fibonacci2,387.602,416.902,435.002,464.302,493.602,511.702,541.00


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,131.232,225.972,326.532,421.272,521.832,616.572,717.13
Camarilla2,373.392,391.302,409.202,427.102,445.002,462.912,480.81
Woodie2,134.152,227.432,329.452,422.732,524.752,618.032,720.05
Fibonacci2,225.972,300.572,346.662,421.272,495.872,541.962,616.57


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,177.832,334.372,414.732,571.272,651.632,808.172,888.53
Camarilla2,429.952,451.672,473.382,495.102,516.822,538.532,560.25
Woodie2,139.752,315.332,376.652,552.232,613.552,789.132,850.45
Fibonacci2,334.372,424.862,480.772,571.272,661.762,717.672,808.17

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): 43.08
MACD (12,26,9): -52.5600
Directional Movement: -1.40
AROON (14): -35.72
DEMA (21): 2,415.19
Parabolic SAR (0,02-0,02-0,2): 2,320.70
Elder Ray (13): 6.86
Super Trend (3,10): 2,590.57
Zig ZAG (10): 2,431.10
VORTEX (21): 0.8900
Stochastique (14,3,5): 42.47
TEMA (21): 2,391.46
Williams %R (14): -62.67
Chande Momentum Oscillator (20): -80.60
Repulse (5,40,3): -0.8800
ROCnROLL: 2
TRIX (15,9): -0.3000
Courbe Coppock: 10.92
MA7: 2,407.07
MA20: 2,489.73
MA50: 2,587.57
MA100: 2,629.11
MAexp7: 2,433.90
MAexp20: 2,483.64
MAexp50: 2,555.76
MAexp100: 2,609.41
Price / MA7: +0.64%
Price / MA20: -2.70%
Price / MA50: -6.38%
Price / MA100: -7.86%
Price / MAexp7: -0.47%
Price / MAexp20: -2.46%
Price / MAexp50: -5.21%
Price / MAexp100: -7.16%

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.

About author

Londinia
Londinia AI

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