S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 06/08/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 4,260.75 USD
My targets
4,296.25 USD (+0.38%)
4,318.25 USD (+0.89%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on S&P500 - MINI S&P500 FULL0623 as long as the price remains well above 4,260.75 USD. The buyers' bullish objective is set at 4,296.25 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,318.25 USD. If there is any crossing, the next objective would be the resistance located at 4,331.75 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.7
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This analysis was given by palaki06. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0623 price is 4,280.00 USD. The price has increased by +0.14% since the last closing and was traded between 4,262.75 USD and 4,282.75 USD over the period. The price is currently at +0.40% from its lowest and -0.06% from its highest.4,262.75
4,282.75
4,280.00
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
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 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of S&P500 - MINI S&P500 FULL0623 in 15 min. shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 15 minutes
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,220.72 | 4,243.08 | 4,268.65 | 4,280.00 | 4,285.25 | 4,305.25 | 4,393.00 |
| Change (%) | -1.39% | -0.86% | -0.27% | - | +0.12% | +0.59% | +2.64% |
| Change | -59.28 | -36.92 | -11.35 | - | +5.25 | +25.25 | +113.00 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Intermediate |
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 | 4,225.25 | 4,247.25 | 4,260.75 | 4,282.75 | 4,296.25 | 4,318.25 | 4,331.75 |
| Camarilla | 4,264.49 | 4,267.74 | 4,271.00 | 4,274.25 | 4,277.50 | 4,280.76 | 4,284.01 |
| Woodie | 4,221.00 | 4,245.13 | 4,256.50 | 4,280.63 | 4,292.00 | 4,316.13 | 4,327.50 |
| Fibonacci | 4,247.25 | 4,260.81 | 4,269.19 | 4,282.75 | 4,296.31 | 4,304.69 | 4,318.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,085.00 | 4,129.50 | 4,208.75 | 4,253.25 | 4,332.50 | 4,377.00 | 4,456.25 |
| Camarilla | 4,253.97 | 4,265.31 | 4,276.66 | 4,288.00 | 4,299.34 | 4,310.69 | 4,322.03 |
| Woodie | 4,102.38 | 4,138.19 | 4,226.13 | 4,261.94 | 4,349.88 | 4,385.69 | 4,473.63 |
| Fibonacci | 4,129.50 | 4,176.77 | 4,205.98 | 4,253.25 | 4,300.52 | 4,329.73 | 4,377.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,931.42 | 3,996.83 | 4,112.42 | 4,177.83 | 4,293.42 | 4,358.83 | 4,474.42 |
| Camarilla | 4,178.23 | 4,194.82 | 4,211.41 | 4,228.00 | 4,244.59 | 4,261.18 | 4,277.78 |
| Woodie | 3,956.50 | 4,009.38 | 4,137.50 | 4,190.38 | 4,318.50 | 4,371.38 | 4,499.50 |
| Fibonacci | 3,996.83 | 4,065.98 | 4,108.69 | 4,177.83 | 4,246.98 | 4,289.69 | 4,358.83 |
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): | 56.38 | |
| MACD (12,26,9): | 0.6100 | |
| Directional Movement: | 6.14 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 4,275.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,264.50 | |
| Elder Ray (13): | 3.70 | |
| Super Trend (3,10): | 4,269.27 | |
| Zig ZAG (10): | 4,278.50 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 69.27 | |
| TEMA (21): | 4,275.11 | |
| Williams %R (14): | -16.67 | |
| Chande Momentum Oscillator (20): | 6.25 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.07 |
| MA7: | 4,261.68 | |
| MA20: | 4,206.69 | |
| MA50: | 4,168.55 | |
| MA100: | 4,115.16 | |
| MAexp7: | 4,276.92 | |
| MAexp20: | 4,273.97 | |
| MAexp50: | 4,273.60 | |
| MAexp100: | 4,275.52 | |
| Price / MA7: | +0.43% | |
| Price / MA20: | +1.74% | |
| Price / MA50: | +2.67% | |
| Price / MA100: | +4.01% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +0.10% |
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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