S&P500 INDEX - Daily - Technical analysis published on 10/06/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 4,305.20 USD
My targets
4,179.76 USD (-1.84%)
4,052.20 USD (-4.84%)
My analysis
S&P500 INDEX is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 4,305.20 USD. The next support located at 4,179.76 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4,052.20 USD. Below this support, sellers could then target 3,855.76 USD.
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
6.1
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This analysis was given by ezggsg. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
S&P500 INDEX rating 4,258.19 USD. The price is lower by -0.13% since the last closing and was traded between 4,225.91 USD and 4,267.13 USD over the period. The price is currently at +0.76% from its lowest and -0.21% from its highest.4,225.91
4,267.13
4,258.19
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this S&P500 INDEX chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,855.76 | 4,052.20 | 4,179.76 | 4,258.19 | 4,305.20 | 4,370.44 | 4,505.10 |
| Change (%) | -9.45% | -4.84% | -1.84% | - | +1.10% | +2.64% | +5.80% |
| Change | -402.43 | -205.99 | -78.43 | - | +47.01 | +112.25 | +246.91 |
| Level | Major | Intermediate | Intermediate | - | 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 | 4,192.47 | 4,209.19 | 4,233.69 | 4,250.41 | 4,274.91 | 4,291.63 | 4,316.13 |
| Camarilla | 4,246.86 | 4,250.63 | 4,254.41 | 4,258.19 | 4,261.97 | 4,265.75 | 4,269.53 |
| Woodie | 4,196.36 | 4,211.14 | 4,237.58 | 4,252.36 | 4,278.80 | 4,293.58 | 4,320.02 |
| Fibonacci | 4,209.19 | 4,224.94 | 4,234.66 | 4,250.41 | 4,266.16 | 4,275.88 | 4,291.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,138.40 | 4,188.52 | 4,238.28 | 4,288.40 | 4,338.16 | 4,388.28 | 4,438.04 |
| Camarilla | 4,260.58 | 4,269.74 | 4,278.89 | 4,288.05 | 4,297.21 | 4,306.36 | 4,315.52 |
| Woodie | 4,138.23 | 4,188.43 | 4,238.11 | 4,288.31 | 4,337.99 | 4,388.19 | 4,437.87 |
| Fibonacci | 4,188.52 | 4,226.67 | 4,250.24 | 4,288.40 | 4,326.55 | 4,350.12 | 4,388.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,868.08 | 4,053.36 | 4,170.70 | 4,355.98 | 4,473.32 | 4,658.60 | 4,775.94 |
| Camarilla | 4,204.83 | 4,232.57 | 4,260.31 | 4,288.05 | 4,315.79 | 4,343.53 | 4,371.27 |
| Woodie | 3,834.12 | 4,036.38 | 4,136.74 | 4,339.00 | 4,439.36 | 4,641.62 | 4,741.98 |
| Fibonacci | 4,053.36 | 4,168.96 | 4,240.38 | 4,355.98 | 4,471.58 | 4,543.00 | 4,658.60 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.59 | |
| MACD (12,26,9): | -53.7500 | |
| Directional Movement: | -18.96 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 4,274.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,296.09 | |
| Elder Ray (13): | -62.58 | |
| Super Trend (3,10): | 4,393.46 | |
| Zig ZAG (10): | 4,258.19 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 12.63 | |
| TEMA (21): | 4,238.69 | |
| Williams %R (14): | -83.30 | |
| Chande Momentum Oscillator (20): | -185.76 | |
| Repulse (5,40,3): | 0.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1400 | |
| Courbe Coppock: | 8.51 |
| MA7: | 4,271.72 | |
| MA20: | 4,364.62 | |
| MA50: | 4,428.99 | |
| MA100: | 4,391.46 | |
| MAexp7: | 4,276.55 | |
| MAexp20: | 4,339.22 | |
| MAexp50: | 4,387.32 | |
| MAexp100: | 4,351.71 | |
| Price / MA7: | -0.32% | |
| Price / MA20: | -2.44% | |
| Price / MA50: | -3.86% | |
| Price / MA100: | -3.03% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | -1.87% | |
| Price / MAexp50: | -2.94% | |
| Price / MAexp100: | -2.15% |
Quotes :
-
End-of-day data
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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:
-
SP 500 Forecast August 7, 2023
-
Weekly Technical Analysis: 12/06/2023 - US 500, EURUSD, USDJPY
-
XTB Market update on US500 - 21/03/2023
-
DXY, SP500 Slide as US Data Comes in Mixed | All Eyes on US Inflation Next Week
-
SP 500 and Risk Assets Consolidate as Technicals and Fundamentals Appear at Odds with Each Other
This member declared not having a position on this financial instrument or a related financial instrument.
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