MICRO E-MINI S&P500 FULL0624 - Daily - Technical analysis published on 07/17/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 3,085.42 USD
My targets
3,388.00 USD (+5.97%)
My analysis
The bullish trend is currently very strong on MICRO E-MINI S&P500 FULL0920. As long as the price remains above the support at 3,085.42 USD, you could try to benefit from the boom. The first bullish objective is located at 3,388.00 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICRO E-MINI S&P500 FULL0920 rating 3,197.00 USD. The price registered a decrease of -0.75% on the session and was between 3,188.50 USD and 3,228.50 USD. This implies that the price is at +0.27% from its lowest and at -0.98% from its highest.3,188.50
3,228.50
3,197.00
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on MICRO E-MINI S&P500 FULL0920 were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in Daily of this MICRO E-MINI S&P500 FULL0920 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2,619.50 | 2,749.50 | 2,939.50 | 3,197.00 | 3,225.50 | 3,388.00 |
| Change (%) | -18.06% | -14.00% | -8.05% | - | +0.89% | +5.97% |
| Change | -577.50 | -447.50 | -257.50 | - | +28.50 | +191.00 |
| Level | Minor | Intermediate | Major | - | 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 | 3,065.00 | 3,092.00 | 3,138.00 | 3,165.00 | 3,211.00 | 3,238.00 | 3,284.00 |
| Camarilla | 3,163.93 | 3,170.62 | 3,177.31 | 3,184.00 | 3,190.69 | 3,197.38 | 3,204.08 |
| Woodie | 3,074.50 | 3,096.75 | 3,147.50 | 3,169.75 | 3,220.50 | 3,242.75 | 3,293.50 |
| Fibonacci | 3,092.00 | 3,119.89 | 3,137.11 | 3,165.00 | 3,192.89 | 3,210.11 | 3,238.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,840.83 | 2,912.17 | 3,014.08 | 3,085.42 | 3,187.33 | 3,258.67 | 3,360.58 |
| Camarilla | 3,068.36 | 3,084.24 | 3,100.12 | 3,116.00 | 3,131.88 | 3,147.76 | 3,163.64 |
| Woodie | 2,856.13 | 2,919.81 | 3,029.38 | 3,093.06 | 3,202.63 | 3,266.31 | 3,375.88 |
| Fibonacci | 2,912.17 | 2,978.35 | 3,019.24 | 3,085.42 | 3,151.60 | 3,192.49 | 3,258.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,632.58 | 2,778.42 | 2,939.58 | 3,085.42 | 3,246.58 | 3,392.42 | 3,553.58 |
| Camarilla | 3,016.33 | 3,044.47 | 3,072.61 | 3,100.75 | 3,128.89 | 3,157.03 | 3,185.18 |
| Woodie | 2,640.25 | 2,782.25 | 2,947.25 | 3,089.25 | 3,254.25 | 3,396.25 | 3,561.25 |
| Fibonacci | 2,778.42 | 2,895.69 | 2,968.14 | 3,085.42 | 3,202.69 | 3,275.14 | 3,392.42 |
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): | 62.22 | |
| MACD (12,26,9): | 37.7800 | |
| Directional Movement: | 10.23 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 3,179.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,074.63 | |
| Elder Ray (13): | 63.38 | |
| Super Trend (3,10): | 3,244.51 | |
| Zig ZAG (10): | 3,221.25 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 81.95 | |
| TEMA (21): | 3,179.22 | |
| Williams %R (14): | -4.71 | |
| Chande Momentum Oscillator (20): | 174.75 | |
| Repulse (5,40,3): | 1.7800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 6.24 |
| MA7: | 3,167.82 | |
| MA20: | 3,116.50 | |
| MA50: | 3,054.75 | |
| MA100: | 2,888.86 | |
| MAexp7: | 3,171.69 | |
| MAexp20: | 3,130.03 | |
| MAexp50: | 3,058.60 | |
| MAexp100: | 3,013.60 | |
| Price / MA7: | +0.92% | |
| Price / MA20: | +2.58% | |
| Price / MA50: | +4.66% | |
| Price / MA100: | +10.67% | |
| Price / MAexp7: | +0.80% | |
| Price / MAexp20: | +2.14% | |
| Price / MAexp50: | +4.52% | |
| Price / MAexp100: | +6.09% |
Quotes :
2020-07-16 00:00:00
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End-of-day 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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