MICRO E-MINI S&P500 FULL0624 - Daily - Technical analysis published on 08/01/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 4,025.75 USD
My targets
4,165.25 USD (+1.24%)
4,282.60 USD (+4.09%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MICRO E-MINI S&P500 FULL0922 as long as the price remains well above 4,025.75 USD. The buyers' bullish objective is set at 4,165.25 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,282.60 USD. If there is any crossing, the next objective would be the resistance located at 4,493.25 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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This analysis was given by sven-pro-trader. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICRO E-MINI S&P500 FULL0922 rating is 4,114.25 USD. On the day, this instrument lost -0.47% and was traded between 4,112.75 USD and 4,139.00 USD over the period. The price is currently at +0.04% from its lowest and -0.60% from its highest.4,112.75
4,139.00
4,114.25
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of MICRO E-MINI S&P500 FULL0922 indicates that the overall trend is bullish. The signals returned by the moving averages are 64.29% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,792.50 | 3,912.50 | 4,025.75 | 4,114.25 | 4,165.25 | 4,282.60 | 4,493.25 |
| Change (%) | -7.82% | -4.90% | -2.15% | - | +1.24% | +4.09% | +9.21% |
| Change | -321.75 | -201.75 | -88.50 | - | +51.00 | +168.35 | +379.00 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Minor |
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 | 4,032.00 | 4,056.50 | 4,095.00 | 4,119.50 | 4,158.00 | 4,182.50 | 4,221.00 |
| Camarilla | 4,116.18 | 4,121.95 | 4,127.73 | 4,133.50 | 4,139.28 | 4,145.05 | 4,150.83 |
| Woodie | 4,039.00 | 4,060.00 | 4,102.00 | 4,123.00 | 4,165.00 | 4,186.00 | 4,228.00 |
| Fibonacci | 4,056.50 | 4,080.57 | 4,095.43 | 4,119.50 | 4,143.57 | 4,158.43 | 4,182.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,752.42 | 3,832.83 | 3,983.17 | 4,063.58 | 4,213.92 | 4,294.33 | 4,444.67 |
| Camarilla | 4,070.04 | 4,091.20 | 4,112.35 | 4,133.50 | 4,154.65 | 4,175.80 | 4,196.96 |
| Woodie | 3,787.38 | 3,850.31 | 4,018.13 | 4,081.06 | 4,248.88 | 4,311.81 | 4,479.63 |
| Fibonacci | 3,832.83 | 3,920.98 | 3,975.44 | 4,063.58 | 4,151.73 | 4,206.19 | 4,294.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,030.17 | 3,334.58 | 3,580.92 | 3,885.33 | 4,131.67 | 4,436.08 | 4,682.42 |
| Camarilla | 3,675.79 | 3,726.28 | 3,776.77 | 3,827.25 | 3,877.74 | 3,928.22 | 3,978.71 |
| Woodie | 3,001.13 | 3,320.06 | 3,551.88 | 3,870.81 | 4,102.63 | 4,421.56 | 4,653.38 |
| Fibonacci | 3,334.58 | 3,544.97 | 3,674.95 | 3,885.33 | 4,095.72 | 4,225.70 | 4,436.08 |
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): | 64.31 | |
| MACD (12,26,9): | 55.2100 | |
| Directional Movement: | 13.77 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 4,021.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,909.25 | |
| Elder Ray (13): | 125.17 | |
| Super Trend (3,10): | 3,890.76 | |
| Zig ZAG (10): | 4,114.00 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 96.79 | |
| TEMA (21): | 4,095.43 | |
| Williams %R (14): | -7.20 | |
| Chande Momentum Oscillator (20): | 320.50 | |
| Repulse (5,40,3): | 2.4800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 10.52 |
| MA7: | 4,037.71 | |
| MA20: | 3,931.47 | |
| MA50: | 3,926.90 | |
| MA100: | 4,110.38 | |
| MAexp7: | 4,054.26 | |
| MAexp20: | 3,966.17 | |
| MAexp50: | 3,967.24 | |
| MAexp100: | 4,069.57 | |
| Price / MA7: | +1.90% | |
| Price / MA20: | +4.65% | |
| Price / MA50: | +4.77% | |
| Price / MA100: | +0.09% | |
| Price / MAexp7: | +1.48% | |
| Price / MAexp20: | +3.73% | |
| Price / MAexp50: | +3.71% | |
| Price / MAexp100: | +1.10% |
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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