S&P500 - MINI S&P500 FULL0624 - 15 min. - Technical analysis published on 05/03/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 5,080.25 USD
My targets
5,201.00 USD (+0.91%)
5,308.50 USD (+2.99%)
My analysis
S&P500 - MINI S&P500 FULL0624 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 5,080.25 USD. The next resistance located at 5,201.00 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5,308.50 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.9
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
S&P500 - MINI S&P500 FULL0624 rating 5,154.25 USD. On the day, this instrument gained +1.23% with the lowest point at 5,099.25 USD and the highest point at 5,157.00 USD. The deviation from the price is +1.08% for the low point and -0.05% for the high point.5,099.25
5,157.00
5,154.25
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 strongly bullish. 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.
In fact, 16 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,073.75 | 5,104.50 | 5,128.85 | 5,154.25 | 5,154.25 | 5,203.75 | 5,308.50 |
| Change (%) | -1.56% | -0.97% | -0.49% | 0% | - | +0.96% | +2.99% |
| Change | -80.50 | -49.75 | -25.40 | 0 | - | +49.50 | +154.25 |
| Level | Major | Minor | Intermediate | Minor | - | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,970.75 | 5,003.50 | 5,047.50 | 5,080.25 | 5,124.25 | 5,157.00 | 5,201.00 |
| Camarilla | 5,070.39 | 5,077.43 | 5,084.47 | 5,091.50 | 5,098.54 | 5,105.57 | 5,112.61 |
| Woodie | 4,976.38 | 5,006.31 | 5,053.13 | 5,083.06 | 5,129.88 | 5,159.81 | 5,206.63 |
| Fibonacci | 5,003.50 | 5,032.82 | 5,050.93 | 5,080.25 | 5,109.57 | 5,127.68 | 5,157.00 |
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): | 76.09 | |
| MACD (12,26,9): | 9.0600 | |
| Directional Movement: | 35.91 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 5,130.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,109.48 | |
| Elder Ray (13): | 18.32 | |
| Super Trend (3,10): | 5,123.09 | |
| Zig ZAG (10): | 5,144.75 | |
| VORTEX (21): | 1.2900 | |
| Stochastique (14,3,5): | 80.68 | |
| TEMA (21): | 5,138.30 | |
| Williams %R (14): | -9.66 | |
| Chande Momentum Oscillator (20): | 40.50 | |
| Repulse (5,40,3): | 0.3200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.14 |
| MA7: | 5,102.46 | |
| MA20: | 5,120.73 | |
| MA50: | 5,183.63 | |
| MA100: | 5,065.01 | |
| MAexp7: | 5,138.53 | |
| MAexp20: | 5,120.64 | |
| MAexp50: | 5,110.83 | |
| MAexp100: | 5,100.87 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | +0.65% | |
| Price / MA50: | -0.57% | |
| Price / MA100: | +1.76% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.66% | |
| Price / MAexp50: | +0.85% | |
| Price / MAexp100: | +1.05% |
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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