S&P500 - MINI S&P500 FULL0624
S&P500 - MINI S&P500 FULL0624
- USD (-)
- 10 min delayed data - CME E-mini Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: ESXXXX
ISIN: ESXXXX

S&P500 - MINI S&P500 FULL0624 - 1H - Technical analysis published on 06/08/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 4,268.65 USD
My targets
4,305.25 USD (+0.42%)
4,393.00 USD (+2.47%)
My analysis
S&P500 - MINI S&P500 FULL0623 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4,268.65 USD. The next resistance located at 4,305.25 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 4,393.00 USD. After this resistance, buyers could then target 4,863.75 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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
7.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by palaki06. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The S&P500 - MINI S&P500 FULL0623 price is 4,287.25 USD. The price registered an increase of +0.30% on the session and was between 4,262.75 USD and 4,288.50 USD. This implies that the price is at +0.57% from its lowest and at -0.03% from its highest.

4,262.75
4,288.50
4,287.25

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 this 1H chart of S&P500 - MINI S&P500 FULL0623 indicates that the overall trend is strongly bullish. 82.14% 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 market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour



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


S3S2S1PriceR1R2R3
ProTrendLines 4,243.08 4,268.65 4,285.25 4,287.25 4,305.25 4,393.00 4,863.75
Change (%) -1.03% -0.43% -0.05% - +0.42% +2.47% +13.45%
Change -44.17 -18.60 -2.00 - +18.00 +105.75 +576.50
Level Intermediate Intermediate Minor - 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
Standard4,225.254,247.254,260.754,282.754,296.254,318.254,331.75
Camarilla4,264.494,267.744,271.004,274.254,277.504,280.764,284.01
Woodie4,221.004,245.134,256.504,280.634,292.004,316.134,327.50
Fibonacci4,247.254,260.814,269.194,282.754,296.314,304.694,318.25


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,085.004,129.504,208.754,253.254,332.504,377.004,456.25
Camarilla4,253.974,265.314,276.664,288.004,299.344,310.694,322.03
Woodie4,102.384,138.194,226.134,261.944,349.884,385.694,473.63
Fibonacci4,129.504,176.774,205.984,253.254,300.524,329.734,377.00


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard3,931.423,996.834,112.424,177.834,293.424,358.834,474.42
Camarilla4,178.234,194.824,211.414,228.004,244.594,261.184,277.78
Woodie3,956.504,009.384,137.504,190.384,318.504,371.384,499.50
Fibonacci3,996.834,065.984,108.694,177.834,246.984,289.694,358.83

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): 60.18
MACD (12,26,9): -0.2500
Directional Movement: 6.96
AROON (14): 78.57
DEMA (21): 4,275.72
Parabolic SAR (0,02-0,02-0,2): 4,264.50
Elder Ray (13): 9.47
Super Trend (3,10): 4,262.86
Zig ZAG (10): 4,286.75
VORTEX (21): 1.1100
Stochastique (14,3,5): 81.33
TEMA (21): 4,277.13
Williams %R (14): -6.80
Chande Momentum Oscillator (20): 16.50
Repulse (5,40,3): 0.3400
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 0.23
MA7: 4,262.64
MA20: 4,206.98
MA50: 4,168.68
MA100: 4,115.23
MAexp7: 4,279.11
MAexp20: 4,276.94
MAexp50: 4,278.21
MAexp100: 4,270.17
Price / MA7: +0.58%
Price / MA20: +1.91%
Price / MA50: +2.84%
Price / MA100: +4.18%
Price / MAexp7: +0.19%
Price / MAexp20: +0.24%
Price / MAexp50: +0.21%
Price / MAexp100: +0.40%

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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