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
94%
0%
6%
My opinion
Bullish above 4,268.65 USD
My targets
4,305.25 USD (+0.27%)
4,393.00 USD (+2.32%)
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.
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
8
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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 4,293.50 USD. The price registered an increase of +0.45% on the session with the lowest point at 4,262.75 USD and the highest point at 4,298.50 USD. The deviation from the price is +0.72% for the low point and -0.12% for the high point.4,262.75
4,298.50
4,293.50
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
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
A technical analysis in 1H of this S&P500 - MINI S&P500 FULL0623 chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
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 | 4,293.50 | 4,305.25 | 4,393.00 | 4,863.75 |
| Change (%) | -1.17% | -0.58% | -0.19% | - | +0.27% | +2.32% | +13.28% |
| Change | -50.42 | -24.85 | -8.25 | - | +11.75 | +99.50 | +570.25 |
| 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.13 | |
| MACD (12,26,9): | 0.8500 | |
| Directional Movement: | 14.26 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 4,280.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,265.52 | |
| Elder Ray (13): | 11.75 | |
| Super Trend (3,10): | 4,264.75 | |
| Zig ZAG (10): | 4,293.25 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 89.59 | |
| TEMA (21): | 4,281.16 | |
| Williams %R (14): | -14.69 | |
| Chande Momentum Oscillator (20): | 26.75 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.56 |
| MA7: | 4,263.46 | |
| MA20: | 4,207.18 | |
| MA50: | 4,168.74 | |
| MA100: | 4,115.26 | |
| MAexp7: | 4,284.91 | |
| MAexp20: | 4,278.17 | |
| MAexp50: | 4,278.67 | |
| MAexp100: | 4,270.58 | |
| Price / MA7: | +0.70% | |
| Price / MA20: | +2.05% | |
| Price / MA50: | +2.99% | |
| Price / MA100: | +4.33% | |
| Price / MAexp7: | +0.20% | |
| Price / MAexp20: | +0.36% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.54% |
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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