MICRO E-MINI S&P500 FULL0325 - 1H - Technical analysis published on 08/12/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 4,232.50 USD
My targets
4,282.60 USD (+0.70%)
4,375.90 USD (+2.89%)
My analysis
The bullish trend is currently very strong on MICRO E-MINI S&P500 FULL0922. As long as the price remains above the support at 4,232.50 USD, you could try to benefit from the boom. The first bullish objective is located at 4,282.60 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4,375.90 USD as an objective. Crossing it would then enable buyers to target 4,626.31 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
0
10
8.6
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This analysis was given by sven-pro-trader. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
MICRO E-MINI S&P500 FULL0922 rating 4,253.00 USD. On the day, this instrument gained +1.03% with the lowest point at 4,208.25 USD and the highest point at 4,253.50 USD. The deviation from the price is +1.06% for the low point and -0.01% for the high point.4,208.25
4,253.50
4,253.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of MICRO E-MINI S&P500 FULL0922 in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
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 Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,158.49 | 4,202.75 | 4,232.50 | 4,253.00 | 4,260.50 | 4,282.60 | 4,375.90 |
| Change (%) | -2.22% | -1.18% | -0.48% | - | +0.18% | +0.70% | +2.89% |
| Change | -94.51 | -50.25 | -20.50 | - | +7.50 | +29.60 | +122.90 |
| Level | Major | Minor | Minor | - | Major | Minor | Minor |
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 | 4,130.42 | 4,166.58 | 4,188.17 | 4,224.33 | 4,245.92 | 4,282.08 | 4,303.67 |
| Camarilla | 4,193.87 | 4,199.16 | 4,204.46 | 4,209.75 | 4,215.04 | 4,220.34 | 4,225.63 |
| Woodie | 4,123.13 | 4,162.94 | 4,180.88 | 4,220.69 | 4,238.63 | 4,278.44 | 4,296.38 |
| Fibonacci | 4,166.58 | 4,188.64 | 4,202.27 | 4,224.33 | 4,246.39 | 4,260.02 | 4,282.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,001.00 | 4,040.75 | 4,093.75 | 4,133.50 | 4,186.50 | 4,226.25 | 4,279.25 |
| Camarilla | 4,121.24 | 4,129.75 | 4,138.25 | 4,146.75 | 4,155.25 | 4,163.75 | 4,172.26 |
| Woodie | 4,007.63 | 4,044.06 | 4,100.38 | 4,136.81 | 4,193.13 | 4,229.56 | 4,285.88 |
| Fibonacci | 4,040.75 | 4,076.18 | 4,098.07 | 4,133.50 | 4,168.93 | 4,190.82 | 4,226.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,423.58 | 3,573.67 | 3,847.08 | 3,997.17 | 4,270.58 | 4,420.67 | 4,694.08 |
| Camarilla | 4,004.04 | 4,042.86 | 4,081.68 | 4,120.50 | 4,159.32 | 4,198.14 | 4,236.96 |
| Woodie | 3,485.25 | 3,604.50 | 3,908.75 | 4,028.00 | 4,332.25 | 4,451.50 | 4,755.75 |
| Fibonacci | 3,573.67 | 3,735.44 | 3,835.39 | 3,997.17 | 4,158.94 | 4,258.89 | 4,420.67 |
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): | 65.61 | |
| MACD (12,26,9): | 6.3600 | |
| Directional Movement: | 16.19 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 4,235.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,204.22 | |
| Elder Ray (13): | 10.46 | |
| Super Trend (3,10): | 4,208.93 | |
| Zig ZAG (10): | 4,247.50 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 88.69 | |
| TEMA (21): | 4,237.57 | |
| Williams %R (14): | -10.00 | |
| Chande Momentum Oscillator (20): | 31.25 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.05 |
| MA7: | 4,176.18 | |
| MA20: | 4,071.29 | |
| MA50: | 3,939.00 | |
| MA100: | 4,089.19 | |
| MAexp7: | 4,238.12 | |
| MAexp20: | 4,227.35 | |
| MAexp50: | 4,212.04 | |
| MAexp100: | 4,190.59 | |
| Price / MA7: | +1.84% | |
| Price / MA20: | +4.46% | |
| Price / MA50: | +7.97% | |
| Price / MA100: | +4.01% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +0.60% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +1.48% |
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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