S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/02/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 5,070.33 USD
My targets
5,102.92 USD (+0.46%)
5,159.33 USD (+1.57%)
My analysis
The bullish trend is currently very strong on S&P500 - MINI S&P500 FULL0624. As long as the price remains above the support at 5,070.33 USD, you could try to benefit from the boom. The first bullish objective is located at 5,102.92 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5,159.33 USD as an objective. Crossing it would then enable buyers to target 5,191.92 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.4
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The S&P500 - MINI S&P500 FULL0624 price is 5,079.50 USD. The price has increased by +0.65% since the last closing and was traded between 5,056.25 USD and 5,090.00 USD over the period. The price is currently at +0.46% from its lowest and -0.21% from its highest.5,056.25
5,090.00
5,079.50
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 (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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this S&P500 - MINI S&P500 FULL0624 chart shows a strongly bullish trend. 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.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 5,022.42 | 5,037.62 | 5,073.75 | 5,079.50 | 5,104.90 | 5,128.85 | 5,146.42 |
| Change (%) | -1.12% | -0.82% | -0.11% | - | +0.50% | +0.97% | +1.32% |
| Change | -57.08 | -41.88 | -5.75 | - | +25.40 | +49.35 | +66.92 |
| Level | Intermediate | Intermediate | Major | - | Minor | Intermediate | 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 | 4,924.92 | 4,981.33 | 5,013.92 | 5,070.33 | 5,102.92 | 5,159.33 | 5,191.92 |
| Camarilla | 5,022.03 | 5,030.18 | 5,038.34 | 5,046.50 | 5,054.66 | 5,062.82 | 5,070.98 |
| Woodie | 4,913.00 | 4,975.38 | 5,002.00 | 5,064.38 | 5,091.00 | 5,153.38 | 5,180.00 |
| Fibonacci | 4,981.33 | 5,015.33 | 5,036.34 | 5,070.33 | 5,104.33 | 5,125.34 | 5,159.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,902.33 | 4,954.17 | 5,042.83 | 5,094.67 | 5,183.33 | 5,235.17 | 5,323.83 |
| Camarilla | 5,092.86 | 5,105.74 | 5,118.62 | 5,131.50 | 5,144.38 | 5,157.26 | 5,170.14 |
| Woodie | 4,920.75 | 4,963.38 | 5,061.25 | 5,103.88 | 5,201.75 | 5,244.38 | 5,342.25 |
| Fibonacci | 4,954.17 | 5,007.84 | 5,041.00 | 5,094.67 | 5,148.34 | 5,181.50 | 5,235.17 |
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): | 54.90 | |
| MACD (12,26,9): | 2.6700 | |
| Directional Movement: | 19.42 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 5,082.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,073.25 | |
| Elder Ray (13): | 5.04 | |
| Super Trend (3,10): | 5,071.32 | |
| Zig ZAG (10): | 5,081.50 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 64.16 | |
| TEMA (21): | 5,083.20 | |
| Williams %R (14): | -52.24 | |
| Chande Momentum Oscillator (20): | 3.75 | |
| Repulse (5,40,3): | -0.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.24 |
| MA7: | 5,094.54 | |
| MA20: | 5,125.74 | |
| MA50: | 5,183.83 | |
| MA100: | 5,061.10 | |
| MAexp7: | 5,081.51 | |
| MAexp20: | 5,079.18 | |
| MAexp50: | 5,074.87 | |
| MAexp100: | 5,073.02 | |
| Price / MA7: | -0.30% | |
| Price / MA20: | -0.90% | |
| Price / MA50: | -2.01% | |
| Price / MA100: | +0.36% | |
| Price / MAexp7: | -0.04% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.09% | |
| Price / MAexp100: | +0.13% |
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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