S&P500 - MINI S&P500 FULL0924 - 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
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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 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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0624:
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:
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
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:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 5,170.67 | 5,202.83 | 5,231.67 | 5,263.83 | 5,292.67 | 5,324.83 | 5,353.67 |
| Camarilla | 5,243.73 | 5,249.32 | 5,254.91 | 5,260.50 | 5,266.09 | 5,271.68 | 5,277.28 |
| Woodie | 5,169.00 | 5,202.00 | 5,230.00 | 5,263.00 | 5,291.00 | 5,324.00 | 5,352.00 |
| Fibonacci | 5,202.83 | 5,226.14 | 5,240.53 | 5,263.83 | 5,287.14 | 5,301.53 | 5,324.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,216.00 | 5,239.50 | 5,274.00 | 5,297.50 | 5,332.00 | 5,355.50 | 5,390.00 |
| Camarilla | 5,292.55 | 5,297.87 | 5,303.18 | 5,308.50 | 5,313.82 | 5,319.13 | 5,324.45 |
| Woodie | 5,221.50 | 5,242.25 | 5,279.50 | 5,300.25 | 5,337.50 | 5,358.25 | 5,395.50 |
| Fibonacci | 5,239.50 | 5,261.66 | 5,275.34 | 5,297.50 | 5,319.66 | 5,333.34 | 5,355.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,964.25 | 5,045.75 | 5,170.50 | 5,252.00 | 5,376.75 | 5,458.25 | 5,583.00 |
| Camarilla | 5,238.53 | 5,257.44 | 5,276.34 | 5,295.25 | 5,314.16 | 5,333.06 | 5,351.97 |
| Woodie | 4,985.88 | 5,056.56 | 5,192.13 | 5,262.81 | 5,398.38 | 5,469.06 | 5,604.63 |
| Fibonacci | 5,045.75 | 5,124.54 | 5,173.21 | 5,252.00 | 5,330.79 | 5,379.46 | 5,458.25 |
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
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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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