MINI S&P500 FULL0624 (NO GLOBEX) - 1H - Technical analysis published on 05/31/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 4,146.86 USD
My targets
4,195.65 USD (+0.43%)
4,236.25 USD (+1.41%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on MINI S&P500 FULL0622 (NO GLOBEX) as long as the price remains well above 4,146.86 USD. The buyers' bullish objective is set at 4,195.65 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,236.25 USD. If there is any crossing, the next objective would be the resistance located at 4,277.50 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.4
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This analysis was given by Simon1. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MINI S&P500 FULL0622 (NO GLOBEX) price is 4,177.50 USD. The price registered an increase of +0.41% on the session with the lowest point at 4,166.25 USD and the highest point at 4,187.00 USD. The deviation from the price is +0.27% for the low point and -0.23% for the high point.4,166.25
4,187.00
4,177.50
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of MINI S&P500 FULL0622 (NO GLOBEX) indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,981.30 | 4,057.20 | 4,146.86 | 4,177.50 | 4,195.65 | 4,236.25 | 4,277.50 |
| Change (%) | -4.70% | -2.88% | -0.73% | - | +0.43% | +1.41% | +2.39% |
| Change | -196.20 | -120.30 | -30.64 | - | +18.15 | +58.75 | +100.00 |
| Level | Minor | Intermediate | Major | - | Minor | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,023.17 | 4,051.33 | 4,105.92 | 4,134.08 | 4,188.67 | 4,216.83 | 4,271.42 |
| Camarilla | 4,137.74 | 4,145.33 | 4,152.92 | 4,160.50 | 4,168.09 | 4,175.67 | 4,183.26 |
| Woodie | 4,036.38 | 4,057.94 | 4,119.13 | 4,140.69 | 4,201.88 | 4,223.44 | 4,284.63 |
| Fibonacci | 4,051.33 | 4,082.94 | 4,102.47 | 4,134.08 | 4,165.69 | 4,185.22 | 4,216.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,677.33 | 3,774.67 | 3,967.58 | 4,064.92 | 4,257.83 | 4,355.17 | 4,548.08 |
| Camarilla | 4,080.68 | 4,107.29 | 4,133.89 | 4,160.50 | 4,187.11 | 4,213.71 | 4,240.32 |
| Woodie | 3,725.13 | 3,798.56 | 4,015.38 | 4,088.81 | 4,305.63 | 4,379.06 | 4,595.88 |
| Fibonacci | 3,774.67 | 3,885.54 | 3,954.04 | 4,064.92 | 4,175.79 | 4,244.29 | 4,355.17 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,506.58 | 3,812.67 | 3,976.58 | 4,282.67 | 4,446.58 | 4,752.67 | 4,916.58 |
| Camarilla | 4,011.25 | 4,054.33 | 4,097.42 | 4,140.50 | 4,183.58 | 4,226.67 | 4,269.75 |
| Woodie | 3,435.50 | 3,777.13 | 3,905.50 | 4,247.13 | 4,375.50 | 4,717.13 | 4,845.50 |
| Fibonacci | 3,812.67 | 3,992.21 | 4,103.13 | 4,282.67 | 4,462.21 | 4,573.13 | 4,752.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 80.89 | |
| MACD (12,26,9): | 51.9700 | |
| Directional Movement: | 35.25 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 4,177.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,150.17 | |
| Elder Ray (13): | 42.51 | |
| Super Trend (3,10): | 4,125.03 | |
| Zig ZAG (10): | 4,177.50 | |
| VORTEX (21): | 1.3700 | |
| Stochastique (14,3,5): | 96.03 | |
| TEMA (21): | 4,198.79 | |
| Williams %R (14): | -6.76 | |
| Chande Momentum Oscillator (20): | 130.25 | |
| Repulse (5,40,3): | 0.2200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 5.56 |
| MA7: | 4,025.43 | |
| MA20: | 4,033.03 | |
| MA50: | 4,265.68 | |
| MA100: | 4,337.03 | |
| MAexp7: | 4,162.88 | |
| MAexp20: | 4,110.07 | |
| MAexp50: | 4,043.10 | |
| MAexp100: | 4,029.82 | |
| Price / MA7: | +3.78% | |
| Price / MA20: | +3.58% | |
| Price / MA50: | -2.07% | |
| Price / MA100: | -3.68% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +1.64% | |
| Price / MAexp50: | +3.32% | |
| Price / MAexp100: | +3.66% |
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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