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 - 15 min. - Technical analysis published on 06/08/2023 (GMT)

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  • Timeframe : 15 min.
  • - 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 4,282.75 USD
My targets
4,318.25 USD (+0.57%)
4,331.75 USD (+0.89%)
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 4,282.75 USD. The next resistance located at 4,318.25 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 4,331.75 USD. After this resistance, buyers could then target 4,393.00 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
8.6

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:
1H Daily Weekly

Additional analysis

Quotes

The S&P500 - MINI S&P500 FULL0623 rating is 4,293.75 USD. The price has increased by +0.46% since the last closing with the lowest point at 4,262.75 USD and the highest point at 4,298.50 USD. The deviation from the price is +0.73% for the low point and -0.11% for the high point.

4,262.75
4,298.50
4,293.75

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



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

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 S&P500 - MINI S&P500 FULL0623 in 15 min. shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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:

Central Indicators

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

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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


S3S2S1PriceR1R2R3
ProTrendLines 4,243.08 4,268.65 4,285.25 4,293.75 4,305.25 4,393.00 4,863.75
Change (%) -1.18% -0.58% -0.20% - +0.27% +2.31% +13.28%
Change -50.67 -25.10 -8.50 - +11.50 +99.25 +570.00
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
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): 64.17
MACD (12,26,9): 5.0500
Directional Movement: 15.62
AROON (14): 71.42
DEMA (21): 4,290.06
Parabolic SAR (0,02-0,02-0,2): 4,284.54
Elder Ray (13): 4.70
Super Trend (3,10): 4,277.10
Zig ZAG (10): 4,293.25
VORTEX (21): 1.1600
Stochastique (14,3,5): 88.48
TEMA (21): 4,293.57
Williams %R (14): -18.38
Chande Momentum Oscillator (20): 20.25
Repulse (5,40,3): 0.0900
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.81
MA7: 4,263.46
MA20: 4,207.18
MA50: 4,168.74
MA100: 4,115.26
MAexp7: 4,291.00
MAexp20: 4,283.86
MAexp50: 4,278.76
MAexp100: 4,277.97
Price / MA7: +0.71%
Price / MA20: +2.06%
Price / MA50: +3.00%
Price / MA100: +4.34%
Price / MAexp7: +0.06%
Price / MAexp20: +0.23%
Price / MAexp50: +0.34%
Price / MAexp100: +0.36%

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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