S&P500 - MINI S&P500 FULL1224

- USD (-)

- 10 min delayed data - CME E-mini Futures

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Futures
Ticker:	ESXXXX
ISIN:	ESXXXX

S&P500 - MINI S&P500 FULL1224 - Daily - Technical analysis published on 10/31/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

11%

50%

39%

My opinion

Bullish above 5,433.08 USD

My targets

5,907.80 USD (+2.51%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on S&P500 - MINI S&P500 FULL1224. As long as you are above the support located at 5,433.08 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 5,907.80 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 5,433.08 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

0.2

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 FULL1224 rating is 5,763.00 USD. The price is lower by -1.52% since the last closing and was traded between 5,750.50 USD and 5,844.00 USD over the period. The price is currently at +0.22% from its lowest and -1.39% from its highest.

5,750.50

5,844.00

5,763.00

The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 Daily of this S&P500 - MINI S&P500 FULL1224 chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	5,199.00	5,277.35	5,433.08	5,763.00	5,778.00	5,907.80
Change (%)	-9.79%	-8.43%	-5.72%	-	+0.26%	+2.51%
Change	-564.00	-485.65	-329.92	-	+15.00	+144.80
Level	Major	Intermediate	Intermediate	-	Major	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	5,777.75	5,809.00	5,830.50	5,861.75	5,883.25	5,914.50	5,936.00
Camarilla	5,837.49	5,842.33	5,847.17	5,852.00	5,856.84	5,861.67	5,866.51
Woodie	5,772.88	5,806.56	5,825.63	5,859.31	5,878.38	5,912.06	5,931.13
Fibonacci	5,809.00	5,829.15	5,841.60	5,861.75	5,881.90	5,894.35	5,914.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,678.33	5,739.67	5,792.83	5,854.17	5,907.33	5,968.67	6,021.83
Camarilla	5,814.51	5,825.01	5,835.50	5,846.00	5,856.50	5,866.99	5,877.49
Woodie	5,674.25	5,737.63	5,788.75	5,852.13	5,903.25	5,966.63	6,017.75
Fibonacci	5,739.67	5,783.41	5,810.43	5,854.17	5,897.91	5,924.93	5,968.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,157.67	5,306.18	5,532.97	5,681.48	5,908.27	6,056.78	6,283.57
Camarilla	5,656.54	5,690.95	5,725.35	5,759.75	5,794.15	5,828.56	5,862.96
Woodie	5,196.80	5,325.75	5,572.10	5,701.05	5,947.40	6,076.35	6,322.70
Fibonacci	5,306.18	5,449.55	5,538.12	5,681.48	5,824.85	5,913.42	6,056.78

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):	42.41
MACD (12,26,9):	21.6200
Directional Movement:	-6.92
AROON (14):	-71.43
DEMA (21):	5,871.32
Parabolic SAR (0,02-0,02-0,2):	5,912.84
Elder Ray (13):	-45.73
Super Trend (3,10):	5,724.02
Zig ZAG (10):	5,763.25
VORTEX (21):	1.0100
Stochastique (14,3,5):	34.45
TEMA (21):	5,853.14
Williams %R (14):	-92.79
Chande Momentum Oscillator (20):	-99.25
Repulse (5,40,3):	-2.2000
ROCnROLL:	-1
TRIX (15,9):	0.1000
Courbe Coppock:	0.44

MA7:	5,840.07
MA20:	5,849.80
MA50:	5,757.50
MA100:	5,675.43
MAexp7:	5,836.37
MAexp20:	5,834.05
MAexp50:	5,767.40
MAexp100:	5,666.82
Price / MA7:	-1.32%
Price / MA20:	-1.48%
Price / MA50:	+0.10%
Price / MA100:	+1.54%
Price / MAexp7:	-1.26%
Price / MAexp20:	-1.22%
Price / MAexp50:	-0.08%
Price / MAexp100:	+1.70%

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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