S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/06/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 5,140.25 USD
My targets
5,207.75 USD (+0.50%)
5,248.75 USD (+1.29%)
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 5,140.25 USD. The buyers' bullish objective is set at 5,207.75 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 5,248.75 USD. If there is any crossing, the next objective would be the resistance located at 5,308.50 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
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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 price is 5,182.00 USD. The price registered an increase of +0.53% on the session and was between 5,155.75 USD and 5,187.75 USD. This implies that the price is at +0.51% from its lowest and at -0.11% from its highest.5,155.75
5,187.75
5,182.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
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 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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
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
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 5,118.25 | 5,146.42 | 5,166.75 | 5,182.00 | 5,308.50 |
| Change (%) | -1.23% | -0.69% | -0.29% | - | +2.44% |
| Change | -63.75 | -35.58 | -15.25 | - | +126.50 |
| Level | Intermediate | Intermediate | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5,046.25 | 5,072.75 | 5,113.75 | 5,140.25 | 5,181.25 | 5,207.75 | 5,248.75 |
| Camarilla | 5,136.19 | 5,142.38 | 5,148.56 | 5,154.75 | 5,160.94 | 5,167.13 | 5,173.31 |
| Woodie | 5,053.50 | 5,076.38 | 5,121.00 | 5,143.88 | 5,188.50 | 5,211.38 | 5,256.00 |
| Fibonacci | 5,072.75 | 5,098.54 | 5,114.47 | 5,140.25 | 5,166.04 | 5,181.97 | 5,207.75 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 77.47 | |
| MACD (12,26,9): | 5.2200 | |
| Directional Movement: | 25.43 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 5,183.91 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,177.17 | |
| Elder Ray (13): | 4.60 | |
| Super Trend (3,10): | 5,173.62 | |
| Zig ZAG (10): | 5,184.50 | |
| VORTEX (21): | 1.2300 | |
| Stochastique (14,3,5): | 80.99 | |
| TEMA (21): | 5,185.72 | |
| Williams %R (14): | -20.90 | |
| Chande Momentum Oscillator (20): | 10.25 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.42 |
| MA7: | 5,117.11 | |
| MA20: | 5,117.79 | |
| MA50: | 5,184.23 | |
| MA100: | 5,068.72 | |
| MAexp7: | 5,182.39 | |
| MAexp20: | 5,177.42 | |
| MAexp50: | 5,169.32 | |
| MAexp100: | 5,157.27 | |
| Price / MA7: | +1.27% | |
| Price / MA20: | +1.25% | |
| Price / MA50: | -0.04% | |
| Price / MA100: | +2.23% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.09% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +0.48% |
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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