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
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
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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 5,276.50 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.
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:
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| 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): | 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
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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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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