S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/10/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 5,226.25 USD
My targets
5,276.00 USD (+0.41%)
5,307.25 USD (+1.01%)
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 5,226.25 USD. The buyers' bullish objective is set at 5,276.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,307.25 USD. If there is any crossing, the next objective would be the resistance located at 5,308.50 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3.6
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This analysis was given by Tallal Khan. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 rating is 5,254.25 USD. On the day, this instrument gained +0.29% and was between 5,239.25 USD and 5,260.75 USD. This implies that the price is at +0.29% from its lowest and at -0.12% from its highest.5,239.25
5,260.75
5,254.25
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:
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this S&P500 - MINI S&P500 FULL0624 chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 15 minutes
In fact, only 7 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 5,126.75 | 5,169.75 | 5,217.23 | 5,254.25 | 5,308.50 |
| Change (%) | -2.43% | -1.61% | -0.70% | - | +1.03% |
| Change | -127.50 | -84.50 | -37.02 | - | +54.25 |
| Level | Minor | Minor | Intermediate | - | Major |
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 | 5,158.00 | 5,176.50 | 5,207.75 | 5,226.25 | 5,257.50 | 5,276.00 | 5,307.25 |
| Camarilla | 5,225.32 | 5,229.88 | 5,234.44 | 5,239.00 | 5,243.56 | 5,248.12 | 5,252.68 |
| Woodie | 5,164.38 | 5,179.69 | 5,214.13 | 5,229.44 | 5,263.88 | 5,279.19 | 5,313.63 |
| Fibonacci | 5,176.50 | 5,195.51 | 5,207.25 | 5,226.25 | 5,245.26 | 5,257.00 | 5,276.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,941.25 | 4,988.75 | 5,071.75 | 5,119.25 | 5,202.25 | 5,249.75 | 5,332.75 |
| Camarilla | 5,118.86 | 5,130.83 | 5,142.79 | 5,154.75 | 5,166.71 | 5,178.68 | 5,190.64 |
| Woodie | 4,959.00 | 4,997.63 | 5,089.50 | 5,128.13 | 5,220.00 | 5,258.63 | 5,350.50 |
| Fibonacci | 4,988.75 | 5,038.60 | 5,069.40 | 5,119.25 | 5,169.10 | 5,199.90 | 5,249.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,558.83 | 4,761.17 | 4,903.83 | 5,106.17 | 5,248.83 | 5,451.17 | 5,593.83 |
| Camarilla | 4,951.63 | 4,983.25 | 5,014.88 | 5,046.50 | 5,078.13 | 5,109.75 | 5,141.38 |
| Woodie | 4,529.00 | 4,746.25 | 4,874.00 | 5,091.25 | 5,219.00 | 5,436.25 | 5,564.00 |
| Fibonacci | 4,761.17 | 4,892.96 | 4,974.38 | 5,106.17 | 5,237.96 | 5,319.38 | 5,451.17 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.39 | |
| MACD (12,26,9): | 1.6100 | |
| Directional Movement: | 3.48 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 5,256.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,259.29 | |
| Elder Ray (13): | -2.53 | |
| Super Trend (3,10): | 5,260.70 | |
| Zig ZAG (10): | 5,250.50 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 27.54 | |
| TEMA (21): | 5,255.42 | |
| Williams %R (14): | -97.67 | |
| Chande Momentum Oscillator (20): | -7.25 | |
| Repulse (5,40,3): | -0.0700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.10 |
| MA7: | 5,195.93 | |
| MA20: | 5,120.90 | |
| MA50: | 5,190.80 | |
| MA100: | 5,083.99 | |
| MAexp7: | 5,253.46 | |
| MAexp20: | 5,254.19 | |
| MAexp50: | 5,248.91 | |
| MAexp100: | 5,240.14 | |
| Price / MA7: | +1.12% | |
| Price / MA20: | +2.60% | |
| Price / MA50: | +1.22% | |
| Price / MA100: | +3.35% | |
| Price / MAexp7: | +0.02% | |
| Price / MAexp20: | +0.00% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.27% |
Quotes :
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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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