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
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 4,268.65 USD
My targets
4,305.25 USD (+0.42%)
4,393.00 USD (+2.47%)
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 4,268.65 USD. The buyers' bullish objective is set at 4,305.25 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,393.00 USD. If there is any crossing, the next objective would be the resistance located at 4,863.75 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.7
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:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0623 price is 4,287.25 USD. The price has increased by +0.30% since the last closing with the lowest point at 4,262.75 USD and the highest point at 4,290.00 USD. The deviation from the price is +0.57% for the low point and -0.06% for the high point.4,262.75
4,290.00
4,287.25
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
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 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
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
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
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
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
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 |
Attention could also be paid to pivot points to set price objectives:
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): | 61.13 | |
| MACD (12,26,9): | -0.1300 | |
| Directional Movement: | 8.22 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 4,275.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,264.50 | |
| Elder Ray (13): | 9.99 | |
| Super Trend (3,10): | 4,262.96 | |
| Zig ZAG (10): | 4,288.00 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 81.47 | |
| TEMA (21): | 4,277.50 | |
| Williams %R (14): | -9.17 | |
| Chande Momentum Oscillator (20): | 17.75 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.24 |
| MA7: | 4,262.86 | |
| MA20: | 4,207.06 | |
| MA50: | 4,168.69 | |
| MA100: | 4,115.24 | |
| MAexp7: | 4,279.49 | |
| MAexp20: | 4,277.09 | |
| MAexp50: | 4,278.26 | |
| MAexp100: | 4,270.18 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +1.91% | |
| Price / MA50: | +2.84% | |
| Price / MA100: | +4.18% | |
| Price / MAexp7: | +0.18% | |
| 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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