S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 03/14/2024 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 5,232.50 USD
My targets
5,262.50 USD (+0.24%)
5,277.50 USD (+0.53%)
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 FULL0624 as long as the price remains well above 5,232.50 USD. The buyers' bullish objective is set at 5,262.50 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,277.50 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, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 rating is 5,249.75 USD. On the day, this instrument gained +0.33% and was traded between 5,234.50 USD and 5,253.50 USD over the period. The price is currently at +0.29% from its lowest and -0.07% from its highest.5,234.50
5,253.50
5,249.75
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 (5 years)
Type : Bullish
Timeframe : Weekly
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 15 min. of this S&P500 - MINI S&P500 FULL0624 chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 5,210.25 | 5,222.00 | 5,247.25 | 5,249.75 | 5,257.25 |
| Change (%) | -0.75% | -0.53% | -0.05% | - | +0.14% |
| Change | -39.50 | -27.75 | -2.50 | - | +7.50 |
| Level | Minor | Intermediate | Intermediate | - | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,187.50 | 5,202.50 | 5,217.50 | 5,232.50 | 5,247.50 | 5,262.50 | 5,277.50 |
| Camarilla | 5,224.25 | 5,227.00 | 5,229.75 | 5,232.50 | 5,235.25 | 5,238.00 | 5,240.75 |
| Woodie | 5,187.50 | 5,202.50 | 5,217.50 | 5,232.50 | 5,247.50 | 5,262.50 | 5,277.50 |
| Fibonacci | 5,202.50 | 5,213.96 | 5,221.04 | 5,232.50 | 5,243.96 | 5,251.04 | 5,262.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,997.92 | 5,062.58 | 5,127.92 | 5,192.58 | 5,257.92 | 5,322.58 | 5,387.92 |
| Camarilla | 5,157.50 | 5,169.42 | 5,181.33 | 5,193.25 | 5,205.17 | 5,217.08 | 5,229.00 |
| Woodie | 4,998.25 | 5,062.75 | 5,128.25 | 5,192.75 | 5,258.25 | 5,322.75 | 5,388.25 |
| Fibonacci | 5,062.58 | 5,112.24 | 5,142.92 | 5,192.58 | 5,242.24 | 5,272.92 | 5,322.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,838.83 | 4,914.42 | 5,062.33 | 5,137.92 | 5,285.83 | 5,361.42 | 5,509.33 |
| Camarilla | 5,148.79 | 5,169.28 | 5,189.76 | 5,210.25 | 5,230.74 | 5,251.23 | 5,271.71 |
| Woodie | 4,875.00 | 4,932.50 | 5,098.50 | 5,156.00 | 5,322.00 | 5,379.50 | 5,545.50 |
| Fibonacci | 4,914.42 | 4,999.79 | 5,052.54 | 5,137.92 | 5,223.29 | 5,276.04 | 5,361.42 |
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): | 58.98 | |
| MACD (12,26,9): | 2.2900 | |
| Directional Movement: | 9.07 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 5,250.76 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,247.88 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 5,243.84 | |
| Zig ZAG (10): | 5,248.75 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 45.11 | |
| TEMA (21): | 5,251.09 | |
| Williams %R (14): | -71.43 | |
| Chande Momentum Oscillator (20): | -1.25 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.11 |
| MA7: | 5,215.04 | |
| MA20: | 5,164.74 | |
| MA50: | 5,047.12 | |
| MA100: | 4,854.60 | |
| MAexp7: | 5,249.70 | |
| MAexp20: | 5,247.55 | |
| MAexp50: | 5,243.88 | |
| MAexp100: | 5,240.22 | |
| Price / MA7: | +0.67% | |
| Price / MA20: | +1.65% | |
| Price / MA50: | +4.01% | |
| Price / MA100: | +8.14% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.18% |
Quotes :
-
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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