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S&P 500 Micro Mar '23 (ETH23)

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S&P 500 Micro Futures Market News and Commentary

S&P 500 and Dow Jones Post Record Highs in Holiday-Shortened Trade

The S&P 500 Index ($SPX) (SPY) Friday closed up +0.56%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.42%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.90%.

Stocks settled moderately higher on Friday, with the S&P 500 and the Dow Jones Industrials posting new all-time highs.  Friday’s decline in bond yields supported equities.  The 10-year T-note yield dropped to a 5-week low on carryover support from a decline in European government bond yields and a drop in US inflation expectations.  Also, chip stocks rallied Friday and boosted the overall market after Bloomberg reported that additional US curbs on sales of chip technology to China may stop short of some of the stricter measures previously considered.  The NYSE closed early Friday at 1300 EST in a shortened holiday session.

Heavy stock buying has supported this month’s rally to record highs in the S&P 500, Dow Jones Industrials, and Nasdaq 100.  Investors plowed $141 billion into US equities so far... Read more

Contract Specifications

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Contract
E-Micro S&P 500 Index
Contract Size
$5 times Index
Tick Size
0.25 points ($1.25 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 3:00p.m.) CST
Exchange
CME
Point Value
$5
Margin/Maintenance
$1,606/1,460
First Notice Date
03/17/23
Expiration Date
03/17/23 (expired)

Seasonal Chart

S&P 500 Micro Mar '23
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Nov 19, 2024

View Chart Details
Commercials - Long / Short
35,895 (+8,385)
17,636 (+5,572)
Non-Commercials - Long / Short
105,738 (-5,148)
30,337 (+6,030)
Dealers / Intermediary - Long / Short
26,557 (+4,354)
2,898 (+1,005)
Asset / Manager - Long / Short
28,718 (-426)
1,032 (+1,032)
Leveraged Funds - Long / Short
80,000 (-4,687)
33,498 (+6,940)
Other Reportables - Long / Short
4,607 (+2,315)
8,794 (+944)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
3,808.75 +3.89%
on 03/13/23
4,089.50 -3.24%
on 02/21/23
-130.45 (-3.19%)
since 02/17/23
3-Month
3,788.25 +4.46%
on 12/22/22
4,208.50 -5.97%
on 02/02/23
+78.05 (+2.01%)
since 12/16/22
52-Week
3,531.00 +12.07%
on 10/13/22
4,665.00 -15.18%
on 03/29/22
-468.45 (-10.59%)
since 03/17/22

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Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Soft Signal Strength.

Key Turning Points

3rd Resistance Point 4,034.37
2nd Resistance Point 4,005.18
1st Resistance Point 3,981.12
Last Price 3,957.05s
1st Support Level 3,927.87
2nd Support Level 3,898.68
3rd Support Level 3,874.62

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52-Week High 4,665.00
Fibonacci 61.8% 4,231.81
Fibonacci 50% 4,098.00
Fibonacci 38.2% 3,964.19
Last Price 3,957.05s
52-Week Low 3,531.00

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