S&P500 INDEX

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

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Type:	Indices
Ticker:	SP500
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S&P500 INDEX - Daily - Technical analysis published on 06/16/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Bullish

Technical indicators

22%

28%

50%

My opinion

Bullish above 2,930.75 USD

My targets

3,225.52 USD (+5.18%)

3,386.15 USD (+10.42%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on S&P500 INDEX as long as the price remains well above 2,930.75 USD. The buyers” bullish objective is set at 3,225.52 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 3,386.15 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.

FORCE

3.8

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 rating is 3,066.59 USD. The price has increased by +0.83% since the last closing and was between 2,965.66 USD and 3,079.76 USD. This implies that the price is at +3.40% from its lowest and at -0.43% from its highest.

2,965.66

3,079.76

3,066.59

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of S&P500 INDEX indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Downside gap

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,470.50	2,581.29	2,930.75	3,066.59	3,225.52	3,386.15
Change (%)	-19.44%	-15.83%	-4.43%	-	+5.18%	+10.42%
Change	-596.09	-485.30	-135.84	-	+158.93	+319.56
Level	Minor	Intermediate	Major	-	Major	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	2,835.84	2,917.67	2,959.88	3,041.71	3,083.92	3,165.75	3,207.96
Camarilla	2,967.99	2,979.36	2,990.73	3,002.10	3,013.47	3,024.84	3,036.21
Woodie	2,816.04	2,907.77	2,940.08	3,031.81	3,064.12	3,155.85	3,188.16
Fibonacci	2,917.67	2,965.05	2,994.32	3,041.71	3,089.09	3,118.36	3,165.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,899.56	2,965.55	3,079.74	3,145.73	3,259.92	3,325.91	3,440.10
Camarilla	3,144.38	3,160.90	3,177.41	3,193.93	3,210.45	3,226.96	3,243.48
Woodie	2,923.66	2,977.60	3,103.84	3,157.78	3,284.02	3,337.96	3,464.20
Fibonacci	2,965.55	3,034.38	3,076.90	3,145.73	3,214.56	3,257.08	3,325.91

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):	51.72
MACD (12,26,9):	64.7800
Directional Movement:	-5.04
AROON (14):	71.43
DEMA (21):	3,141.90
Parabolic SAR (0,02-0,02-0,2):	3,228.46
Elder Ray (13):	-49.03
Super Trend (3,10):	3,245.47
Zig ZAG (10):	3,041.31
VORTEX (21):	1.0200
Stochastique (14,3,5):	45.23
TEMA (21):	3,156.61
Williams %R (14):	-72.83
Chande Momentum Oscillator (20):	5.18
Repulse (5,40,3):	-4.1700
ROCnROLL:	-1
TRIX (15,9):	0.3700
Courbe Coppock:	11.66

MA7:	3,139.91
MA20:	3,047.84
MA50:	2,903.24
MA100:	2,944.99
MAexp7:	3,101.32
MAexp20:	3,052.14
MAexp50:	2,962.73
MAexp100:	2,954.39
Price / MA7:	-2.34%
Price / MA20:	+0.62%
Price / MA50:	+5.63%
Price / MA100:	+4.13%
Price / MAexp7:	-1.12%
Price / MAexp20:	+0.47%
Price / MAexp50:	+3.51%
Price / MAexp100:	+3.80%

Quotes : 2020-06-15 00:00:00 - End-of-day data - S&P Base Indices

News

The latest news and videos published on S&P500 INDEX at the time of the analysis were as follows:

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

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