S&P500 INDEX

- USD (-)

- End-of-day data - S&P Base Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SP500
ISIN:

S&P500 INDEX - Daily - Technical analysis published on 11/10/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

39%

33%

28%

My opinion

Bearish under 3,900.79 USD

My targets

3,666.77 USD (-2.18%)

3,578.75 USD (-4.53%)

My analysis

All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on S&P500 INDEX as long as the price remains well below 3,900.79 USD. The next bearish objective for sellers is set at 3,666.77 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 3,578.75 USD. If there is any crossing, the next objective would be the support located at 3,386.15 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.1

Comment on the analysis

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.

This analysis was given by rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The S&P500 INDEX price is 3,748.57 USD. The price is lower by -2.08% since the last closing and was traded between 3,744.22 USD and 3,818.20 USD over the period. The price is currently at +0.12% from its lowest and -1.82% from its highest.

3,744.22

3,818.20

3,748.57

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of S&P500 INDEX indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

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 adaptative moving average 20

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.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Black evening star

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3,386.15	3,578.75	3,666.77	3,748.57	3,900.79	4,172.77	4,305.38
Change (%)	-9.67%	-4.53%	-2.18%	-	+4.06%	+11.32%	+14.85%
Change	-362.42	-169.82	-81.80	-	+152.22	+424.20	+556.81
Level	Intermediate	Major	Major	-	Major	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	3,648.48	3,696.35	3,722.46	3,770.33	3,796.44	3,844.31	3,870.42
Camarilla	3,728.23	3,735.01	3,741.79	3,748.57	3,755.35	3,762.13	3,768.92
Woodie	3,637.60	3,690.91	3,711.58	3,764.89	3,785.56	3,838.87	3,859.54
Fibonacci	3,696.35	3,724.61	3,742.07	3,770.33	3,798.59	3,816.05	3,844.31

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,461.56	3,579.86	3,675.20	3,793.50	3,888.84	4,007.14	4,102.48
Camarilla	3,711.80	3,731.38	3,750.97	3,770.55	3,790.13	3,809.72	3,829.30
Woodie	3,450.09	3,574.12	3,663.73	3,787.76	3,877.37	4,001.40	4,091.01
Fibonacci	3,579.86	3,661.47	3,711.89	3,793.50	3,875.11	3,925.53	4,007.14

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	3,193.39	3,342.49	3,607.23	3,756.33	4,021.07	4,170.17	4,434.91
Camarilla	3,758.17	3,796.11	3,834.05	3,871.98	3,909.92	3,947.85	3,985.79
Woodie	3,251.22	3,371.40	3,665.06	3,785.24	4,078.90	4,199.08	4,492.74
Fibonacci	3,342.49	3,500.57	3,598.24	3,756.33	3,914.41	4,012.08	4,170.17

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):	47.67
MACD (12,26,9):	6.4700
Directional Movement:	-2.64
AROON (14):	50.00
DEMA (21):	3,780.02
Parabolic SAR (0,02-0,02-0,2):	3,895.20
Elder Ray (13):	-2.50
Super Trend (3,10):	3,642.70
Zig ZAG (10):	3,748.57
VORTEX (21):	1.0600
Stochastique (14,3,5):	55.63
TEMA (21):	3,816.20
Williams %R (14):	-61.74
Chande Momentum Oscillator (20):	-48.77
Repulse (5,40,3):	-2.0000
ROCnROLL:	2
TRIX (15,9):	0.0200
Courbe Coppock:	5.16

MA7:	3,784.24
MA20:	3,766.09
MA50:	3,791.05
MA100:	3,900.37
MAexp7:	3,787.52
MAexp20:	3,777.37
MAexp50:	3,812.96
MAexp100:	3,903.57
Price / MA7:	-0.94%
Price / MA20:	-0.47%
Price / MA50:	-1.12%
Price / MA100:	-3.89%
Price / MAexp7:	-1.03%
Price / MAexp20:	-0.76%
Price / MAexp50:	-1.69%
Price / MAexp100:	-3.97%

Quotes : - End-of-day data - S&P Base Indices

News

Don't forget to follow the news on S&P500 INDEX. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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