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
50%
11%
39%
My opinion
Bullish above 5,263.83 USD
My targets
5,292.67 USD (+0.31%)
5,324.83 USD (+0.92%)
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 5,263.83 USD. The buyers' bullish objective is set at 5,292.67 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,324.83 USD. If there is any crossing, the next objective would be the resistance located at 5,353.67 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 confirm the bullish opinion of this analysis. 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

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 5,276.50 USD. The price has increased by +0.30% since the last closing with the lowest point at 5,244.50 USD and the highest point at 5,280.75 USD. The deviation from the price is +0.61% for the low point and -0.08% for the high point.

5,244.50
5,280.75
5,276.50

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

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:
The study of the highest / lowest by the Central Records scanner shows the following results:

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 this 15 min. chart of S&P500 - MINI S&P500 FULL0624 indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5,235.00 5,247.75 5,272.50 5,276.50 5,302.50 5,311.60 5,333.50
Change (%) -0.79% -0.54% -0.08% - +0.49% +0.67% +1.08%
Change -41.50 -28.75 -4.00 - +26.00 +35.10 +57.00
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): 63.94
MACD (12,26,9): 5.7400
Directional Movement: 3.15
AROON (14): 42.86
DEMA (21): 5,277.48
Parabolic SAR (0,02-0,02-0,2): 5,279.79
Elder Ray (13): 2.76
Super Trend (3,10): 5,262.88
Zig ZAG (10): 5,277.00
VORTEX (21): 1.1300
Stochastique (14,3,5): 82.25
TEMA (21): 5,279.98
Williams %R (14): -13.59
Chande Momentum Oscillator (20): 2.50
Repulse (5,40,3): 0.1100
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.69
MA7: 5,284.71
MA20: 5,249.40
MA50: 5,147.69
MA100: 4,965.81
MAexp7: 5,275.20
MAexp20: 5,269.89
MAexp50: 5,262.75
MAexp100: 5,262.86
Price / MA7: -0.16%
Price / MA20: +0.52%
Price / MA50: +2.50%
Price / MA100: +6.26%
Price / MAexp7: +0.03%
Price / MAexp20: +0.13%
Price / MAexp50: +0.27%
Price / MAexp100: +0.26%

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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