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 : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
39%
11%
50%
My opinion
Neutral between 5,013.92 USD and 5,102.92 USD
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 5,013.92 USD. The first resistance is located at 5,102.92 USD. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by S&P500 - MINI S&P500 FULL0624.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 5,066.00 USD. The price registered an increase of +0.39% on the session and was between 5,056.25 USD and 5,090.00 USD. This implies that the price is at +0.19% from its lowest and at -0.47% from its highest.5,056.25
5,090.00
5,066.00
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of S&P500 - MINI S&P500 FULL0624 indicates that the overall trend is slightly bullish. 60.71% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,006.00 | 5,022.42 | 5,037.62 | 5,066.00 | 5,073.75 | 5,104.90 | 5,128.85 |
| Change (%) | -1.18% | -0.86% | -0.56% | - | +0.15% | +0.77% | +1.24% |
| Change | -60.00 | -43.58 | -28.38 | - | +7.75 | +38.90 | +62.85 |
| Level | Minor | Intermediate | Intermediate | - | Major | Minor | Intermediate |
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 | 4,924.92 | 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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.15 | |
| MACD (12,26,9): | 1.8400 | |
| Directional Movement: | 13.13 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 5,081.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,073.59 | |
| Elder Ray (13): | -0.88 | |
| Super Trend (3,10): | 5,071.32 | |
| Zig ZAG (10): | 5,082.00 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 38.31 | |
| TEMA (21): | 5,082.64 | |
| Williams %R (14): | -43.28 | |
| Chande Momentum Oscillator (20): | 6.00 | |
| Repulse (5,40,3): | 0.0000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.15 |
| MA7: | 5,094.00 | |
| MA20: | 5,125.51 | |
| MA50: | 5,183.74 | |
| MA100: | 5,061.06 | |
| MAexp7: | 5,079.53 | |
| MAexp20: | 5,078.82 | |
| MAexp50: | 5,075.04 | |
| MAexp100: | 5,073.24 | |
| Price / MA7: | -0.55% | |
| Price / MA20: | -1.16% | |
| Price / MA50: | -2.27% | |
| Price / MA100: | +0.10% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.25% | |
| Price / MAexp50: | -0.18% | |
| Price / MAexp100: | -0.14% |
Quotes :
-
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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