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
78%
0%
22%
My opinion
Bullish above 4,260.75 USD
My targets
4,296.25 USD (+0.21%)
4,318.25 USD (+0.72%)
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.
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
6.4
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This analysis was given by palaki06. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
S&P500 - MINI S&P500 FULL0623 rating 4,287.25 USD. The price registered an increase of +0.30% on the session with the lowest point at 4,262.75 USD and the highest point at 4,288.50 USD. The deviation from the price is +0.57% for the low point and -0.03% for the high point.4,262.75
4,288.50
4,287.25
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0623:
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. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 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 |
|---|---|---|---|---|---|---|---|
| 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): | 67.26 | |
| MACD (12,26,9): | 1.8500 | |
| Directional Movement: | 11.49 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 4,277.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,266.23 | |
| Elder Ray (13): | 6.22 | |
| Super Trend (3,10): | 4,269.27 | |
| Zig ZAG (10): | 4,286.00 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 95.40 | |
| TEMA (21): | 4,279.86 | |
| Williams %R (14): | -1.12 | |
| Chande Momentum Oscillator (20): | 11.50 | |
| Repulse (5,40,3): | 0.2700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.19 |
| MA7: | 4,262.64 | |
| MA20: | 4,206.98 | |
| MA50: | 4,168.68 | |
| MA100: | 4,115.23 | |
| MAexp7: | 4,280.95 | |
| MAexp20: | 4,275.67 | |
| MAexp50: | 4,274.38 | |
| MAexp100: | 4,275.85 | |
| Price / MA7: | +0.58% | |
| Price / MA20: | +1.91% | |
| Price / MA50: | +2.84% | |
| Price / MA100: | +4.18% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | +0.26% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.25% |
Quotes :
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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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