S&P500 INDEX

- USD (-)

- End-of-day data - S&P Base Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SP500
ISIN:

S&P500 INDEX - Daily - Technical analysis published on 06/09/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 3,153.11 USD

My targets

3,386.15 USD (+4.76%)

My analysis

S&P500 INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 3,153.11 USD. The next resistance located at 3,386.15 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum.

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

Comment on the analysis

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 christos. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The S&P500 INDEX price is 3,232.39 USD. The price has increased by +1.20% since the last closing and was between 3,196.00 USD and 3,233.13 USD. This implies that the price is at +1.14% from its lowest and at -0.02% from its highest.

3,196.00

3,233.13

3,232.39

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by S&P500 INDEX:

Technical

A technical analysis in Daily of this S&P500 INDEX chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,822.14	2,930.75	3,225.52	3,232.39	3,386.15
Change (%)	-12.69%	-9.33%	-0.21%	-	+4.76%
Change	-410.25	-301.64	-6.87	-	+153.76
Level	Major	Major	Major	-	Major

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	3,053.70	3,072.06	3,092.20	3,110.56	3,130.70	3,149.06	3,169.20
Camarilla	3,101.76	3,105.29	3,108.82	3,112.35	3,115.88	3,119.41	3,122.94
Woodie	3,054.60	3,072.51	3,093.10	3,111.01	3,131.60	3,149.51	3,170.10
Fibonacci	3,072.06	3,086.76	3,095.85	3,110.56	3,125.26	3,134.35	3,149.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,887.56	2,928.66	2,986.48	3,027.58	3,085.40	3,126.50	3,184.32
Camarilla	3,017.11	3,026.18	3,035.24	3,044.31	3,053.38	3,062.45	3,071.51
Woodie	2,895.93	2,932.84	2,994.85	3,031.76	3,093.77	3,130.68	3,192.69
Fibonacci	2,928.66	2,966.44	2,989.79	3,027.58	3,065.36	3,088.71	3,126.50

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,549.05	2,657.84	2,851.08	2,959.87	3,153.11	3,261.90	3,455.14
Camarilla	2,961.25	2,988.94	3,016.62	3,044.31	3,072.00	3,099.68	3,127.37
Woodie	2,591.27	2,678.95	2,893.30	2,980.98	3,195.33	3,283.01	3,497.36
Fibonacci	2,657.84	2,773.22	2,844.50	2,959.87	3,075.25	3,146.53	3,261.90

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):	72.48
MACD (12,26,9):	78.8100
Directional Movement:	22.76
AROON (14):	100.00
DEMA (21):	3,103.96
Parabolic SAR (0,02-0,02-0,2):	2,972.60
Elder Ray (13):	138.50
Super Trend (3,10):	3,018.59
Zig ZAG (10):	3,193.93
VORTEX (21):	1.0600
Stochastique (14,3,5):	95.24
TEMA (21):	3,144.92
Williams %R (14):	-6.15
Chande Momentum Oscillator (20):	270.99
Repulse (5,40,3):	1.9500
ROCnROLL:	1
TRIX (15,9):	0.3200
Courbe Coppock:	14.31

MA7:	3,091.39
MA20:	2,984.32
MA50:	2,846.84
MA100:	2,953.66
MAexp7:	3,099.56
MAexp20:	3,006.20
MAexp50:	2,925.71
MAexp100:	2,935.33
Price / MA7:	+4.56%
Price / MA20:	+8.31%
Price / MA50:	+13.54%
Price / MA100:	+9.44%
Price / MAexp7:	+4.29%
Price / MAexp20:	+7.52%
Price / MAexp50:	+10.48%
Price / MAexp100:	+10.12%

Quotes : 2020-06-08 00:00:00 - End-of-day data - S&P Base Indices

News

Don"t forget to follow the news on S&P500 INDEX. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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