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 : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 5,080.25 USD
My targets
5,157.00 USD (+0.37%)
5,201.00 USD (+1.23%)
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 5,080.25 USD, you could try to benefit from the boom. The first bullish objective is located at 5,157.00 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5,201.00 USD as an objective. Crossing it would then enable buyers to target 5,203.75 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.
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
7.3
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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 5,137.75 USD. The price registered an increase of +0.91% on the session with the lowest point at 5,099.25 USD and the highest point at 5,166.75 USD. The deviation from the price is +0.76% for the low point and -0.56% for the high point.5,099.25
5,166.75
5,137.75
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by S&P500 - MINI S&P500 FULL0624:
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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5,073.75 | 5,104.50 | 5,128.85 | 5,137.75 | 5,154.25 | 5,203.75 | 5,308.50 |
| Change (%) | -1.25% | -0.65% | -0.17% | - | +0.32% | +1.28% | +3.32% |
| Change | -64.00 | -33.25 | -8.90 | - | +16.50 | +66.00 | +170.75 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Major |
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 | 4,970.75 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 54.32 | |
| MACD (12,26,9): | 10.2300 | |
| Directional Movement: | 4.25 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 5,141.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 5,120.15 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 5,125.94 | |
| Zig ZAG (10): | 5,137.75 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 67.40 | |
| TEMA (21): | 5,149.83 | |
| Williams %R (14): | -42.28 | |
| Chande Momentum Oscillator (20): | 26.75 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.36 |
| MA7: | 5,100.93 | |
| MA20: | 5,119.95 | |
| MA50: | 5,183.34 | |
| MA100: | 5,064.86 | |
| MAexp7: | 5,141.26 | |
| MAexp20: | 5,128.50 | |
| MAexp50: | 5,115.99 | |
| MAexp100: | 5,104.30 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +0.35% | |
| Price / MA50: | -0.88% | |
| Price / MA100: | +1.44% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.18% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.66% |
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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