S&P500 - MINI S&P500 FULL0624 - 1H - Technical analysis published on 03/02/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bullish
Technical indicators
28%
28%
44%
My opinion
Bullish above 3,848.50 USD
My targets
3,918.50 USD (+0.84%)
3,934.44 USD (+1.25%)
My analysis
A bullish trend on S&P500 - MINI S&P500 FULL0321 both in substance and in the short term. A purchase could be considered as long as the price remains above 3,848.50 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 3,918.50 USD. Then the price could move towards 3,934.44 USD. Then 3,950.50 USD by extension. Be careful, a return below 3,848.50 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0321 price is 3,885.75 USD. The price is lower by -0.33% since the last closing and was traded between 3,873.50 USD and 3,906.50 USD over the period. The price is currently at +0.32% from its lowest and -0.53% from its highest.3,873.50
3,906.50
3,885.75
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of S&P500 - MINI S&P500 FULL0321 in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 5 are bullish, 8 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 3,804.80 | 3,848.50 | 3,880.50 | 3,885.75 | 3,918.50 | 3,934.44 | 3,950.50 |
| Change (%) | -2.08% | -0.96% | -0.14% | - | +0.84% | +1.25% | +1.67% |
| Change | -80.95 | -37.25 | -5.25 | - | +32.75 | +48.69 | +64.75 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,737.33 | 3,774.92 | 3,836.83 | 3,874.42 | 3,936.33 | 3,973.92 | 4,035.83 |
| Camarilla | 3,871.39 | 3,880.51 | 3,889.63 | 3,898.75 | 3,907.87 | 3,916.99 | 3,926.11 |
| Woodie | 3,749.50 | 3,781.00 | 3,849.00 | 3,880.50 | 3,948.50 | 3,980.00 | 4,048.00 |
| Fibonacci | 3,774.92 | 3,812.93 | 3,836.41 | 3,874.42 | 3,912.43 | 3,935.91 | 3,973.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,601.83 | 3,693.42 | 3,751.33 | 3,842.92 | 3,900.83 | 3,992.42 | 4,050.33 |
| Camarilla | 3,768.14 | 3,781.84 | 3,795.55 | 3,809.25 | 3,822.95 | 3,836.66 | 3,850.36 |
| Woodie | 3,585.00 | 3,685.00 | 3,734.50 | 3,834.50 | 3,884.00 | 3,984.00 | 4,033.50 |
| Fibonacci | 3,693.42 | 3,750.53 | 3,785.81 | 3,842.92 | 3,900.03 | 3,935.31 | 3,992.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,586.83 | 3,673.42 | 3,786.08 | 3,872.67 | 3,985.33 | 4,071.92 | 4,184.58 |
| Camarilla | 3,843.96 | 3,862.22 | 3,880.49 | 3,898.75 | 3,917.01 | 3,935.28 | 3,953.54 |
| Woodie | 3,599.88 | 3,679.94 | 3,799.13 | 3,879.19 | 3,998.38 | 4,078.44 | 4,197.63 |
| Fibonacci | 3,673.42 | 3,749.53 | 3,796.55 | 3,872.67 | 3,948.78 | 3,995.80 | 4,071.92 |
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): | 53.68 | |
| MACD (12,26,9): | 7.2700 | |
| Directional Movement: | 0.73 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 3,893.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,902.90 | |
| Elder Ray (13): | -3.96 | |
| Super Trend (3,10): | 3,865.50 | |
| Zig ZAG (10): | 3,886.25 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 21.28 | |
| TEMA (21): | 3,893.43 | |
| Williams %R (14): | -63.64 | |
| Chande Momentum Oscillator (20): | -20.50 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.13 |
| MA7: | 3,870.21 | |
| MA20: | 3,891.89 | |
| MA50: | 3,815.86 | |
| MA100: | 3,680.75 | |
| MAexp7: | 3,883.76 | |
| MAexp20: | 3,881.11 | |
| MAexp50: | 3,869.71 | |
| MAexp100: | 3,870.52 | |
| Price / MA7: | +0.40% | |
| Price / MA20: | -0.16% | |
| Price / MA50: | +1.83% | |
| Price / MA100: | +5.57% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.41% | |
| Price / MAexp100: | +0.39% |
Quotes :
2021-03-02 08:43:22
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10 min delayed 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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