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 04/03/2024 (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
72%
6%
22%
My opinion
Bullish above 5,263.83 USD
My targets
5,292.67 USD (+0.31%)
5,324.83 USD (+0.92%)
My analysis
The bullish trend is currently very strong on S&P500 - MINI S&P500 FULL0624. As long as the price remains above the support at 5,263.83 USD, you could try to benefit from the boom. The first bullish objective is located at 5,292.67 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5,324.83 USD as an objective. Crossing it would then enable buyers to target 5,353.67 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
7.9

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 hsokkar. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The S&P500 - MINI S&P500 FULL0624 price is 5,276.25 USD. The price has increased by +0.30% since the last closing and was traded between 5,244.50 USD and 5,280.75 USD over the period. The price is currently at +0.61% from its lowest and -0.09% from its highest.

5,244.50
5,280.75
5,276.25

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0624:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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


Technical analysis of S&P500 - MINI S&P500 FULL0624 in 15 min. shows a strongly overall bullish trend. 89.29% 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.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

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

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5,235.00 5,247.75 5,272.50 5,276.25 5,302.50 5,311.60 5,333.50
Change (%) -0.78% -0.54% -0.07% - +0.50% +0.67% +1.09%
Change -41.25 -28.50 -3.75 - +26.25 +35.35 +57.25
Level Major Minor Minor - Major Minor Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,170.675,202.835,231.675,263.835,292.675,324.835,353.67
Camarilla5,243.735,249.325,254.915,260.505,266.095,271.685,277.28
Woodie5,169.005,202.005,230.005,263.005,291.005,324.005,352.00
Fibonacci5,202.835,226.145,240.535,263.835,287.145,301.535,324.83


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5,216.005,239.505,274.005,297.505,332.005,355.505,390.00
Camarilla5,292.555,297.875,303.185,308.505,313.825,319.135,324.45
Woodie5,221.505,242.255,279.505,300.255,337.505,358.255,395.50
Fibonacci5,239.505,261.665,275.345,297.505,319.665,333.345,355.50


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4,964.255,045.755,170.505,252.005,376.755,458.255,583.00
Camarilla5,238.535,257.445,276.345,295.255,314.165,333.065,351.97
Woodie4,985.885,056.565,192.135,262.815,398.385,469.065,604.63
Fibonacci5,045.755,124.545,173.215,252.005,330.795,379.465,458.25

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): 75.14
MACD (12,26,9): 6.8500
Directional Movement: 23.32
AROON (14): 57.14
DEMA (21): 5,270.90
Parabolic SAR (0,02-0,02-0,2): 5,256.43
Elder Ray (13): 11.77
Super Trend (3,10): 5,262.00
Zig ZAG (10): 5,280.00
VORTEX (21): 1.2500
Stochastique (14,3,5): 96.72
TEMA (21): 5,276.69
Williams %R (14): -4.14
Chande Momentum Oscillator (20): 28.00
Repulse (5,40,3): 0.0900
ROCnROLL: 1
TRIX (15,9): 0.0100
Courbe Coppock: 0.83
MA7: 5,285.14
MA20: 5,249.48
MA50: 5,147.73
MA100: 4,965.83
MAexp7: 5,274.55
MAexp20: 5,263.36
MAexp50: 5,258.07
MAexp100: 5,260.68
Price / MA7: -0.17%
Price / MA20: +0.51%
Price / MA50: +2.50%
Price / MA100: +6.25%
Price / MAexp7: +0.03%
Price / MAexp20: +0.24%
Price / MAexp50: +0.35%
Price / MAexp100: +0.30%

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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