S&P500 INDEX

- USD (-)

- End-of-day data - S&P Base Indices

Open:	-
Change:	-
Volume:	-

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

Type:	Indices
Ticker:	SP500
ISIN:

S&P500 INDEX - Daily - Technical analysis published on 06/20/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 5,254.35 USD

My targets

5,740.07 USD (+4.61%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on S&P500 INDEX as long as the price remains well above 5,254.35 USD. The buyers' bullish objective is set at 5,740.07 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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 grmssaing84. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The S&P500 INDEX price is 5,487.03 USD. The price has increased by +0.25% since the last closing and was between 5,471.32 USD and 5,490.38 USD. This implies that the price is at +0.29% from its lowest and at -0.06% from its highest.

5,471.32

5,490.38

5,487.03

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

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of S&P500 INDEX in Daily shows a strongly overall 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 scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	4,796.56	4,968.15	5,254.35	5,487.03
Change (%)	-12.58%	-9.46%	-4.24%	-
Change	-690.47	-518.88	-232.68	-
Level	Major	Intermediate	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,400.67	5,428.12	5,450.64	5,478.09	5,500.61	5,528.06	5,550.58
Camarilla	5,459.43	5,464.01	5,468.59	5,473.17	5,477.75	5,482.33	5,486.91
Woodie	5,398.22	5,426.89	5,448.19	5,476.86	5,498.16	5,526.83	5,548.13
Fibonacci	5,428.12	5,447.21	5,459.00	5,478.09	5,497.18	5,508.97	5,528.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5,236.82	5,282.03	5,356.82	5,402.03	5,476.82	5,522.03	5,596.82
Camarilla	5,398.60	5,409.60	5,420.60	5,431.60	5,442.60	5,453.60	5,464.60
Woodie	5,251.60	5,289.43	5,371.60	5,409.43	5,491.60	5,529.43	5,611.60
Fibonacci	5,282.03	5,327.87	5,356.19	5,402.03	5,447.87	5,476.19	5,522.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	4,747.58	4,879.32	5,078.41	5,210.15	5,409.24	5,540.98	5,740.07
Camarilla	5,186.53	5,216.86	5,247.18	5,277.51	5,307.84	5,338.16	5,368.49
Woodie	4,781.27	4,896.16	5,112.10	5,226.99	5,442.93	5,557.82	5,773.76
Fibonacci	4,879.32	5,005.69	5,083.77	5,210.15	5,336.52	5,414.60	5,540.98

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):	73.43
MACD (12,26,9):	66.0600
Directional Movement:	17.45
AROON (14):	92.86
DEMA (21):	5,451.54
Parabolic SAR (0,02-0,02-0,2):	5,339.97
Elder Ray (13):	77.11
Super Trend (3,10):	5,343.80
Zig ZAG (10):	5,473.17
VORTEX (21):	1.0800
Stochastique (14,3,5):	94.47
TEMA (21):	5,476.74
Williams %R (14):	-10.31
Chande Momentum Oscillator (20):	189.77
Repulse (5,40,3):	0.4100
ROCnROLL:	1
TRIX (15,9):	0.1500
Courbe Coppock:	6.03

MA7:	5,442.16
MA20:	5,352.51
MA50:	5,226.19
MA100:	5,160.84
MAexp7:	5,441.85
MAexp20:	5,368.11
MAexp50:	5,268.23
MAexp100:	5,140.74
Price / MA7:	+0.82%
Price / MA20:	+2.51%
Price / MA50:	+4.99%
Price / MA100:	+6.32%
Price / MAexp7:	+0.83%
Price / MAexp20:	+2.22%
Price / MAexp50:	+4.15%
Price / MAexp100:	+6.74%

Quotes : - End-of-day data - S&P Base Indices

News

The latest news and videos published on S&P500 INDEX at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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