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S&P 500 E-Mini Mar '24 (ESH24)

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S&P 500 E-Mini Futures Market News and Commentary

Stocks Erase Early Gains and End Lower on Rising Bond Yields

The S&P 500 Index ($SPX) (SPY) Friday closed down -0.41%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.12%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.54%.

Stock indexes Friday gave up early gains and settled moderately lower, with the S&P 500 and Nasdaq 100 retreating from all-time highs.  Stocks came under pressure Friday after stronger-than-expected US economic reports on Jun MNI Chicago PMI and the University of Michigan Jun consumer sentiment index pushed the 10-year T-note yield to a 2-week high. 

Comments Friday from Richmond Fed President Barkin were slightly hawkish and negative for stocks when he said, "Given the remarkable strength we are seeing in the economy," he is open to the idea that the longer run rate that keeps supply and demand in balance "has shifted up somewhat" and that policy may not be as restrictive as perceived.

On Friday, stocks initially moved higher as easing US price pressures briefly knocked T-note yields... Read more

Contract Specifications

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Contract
E-Mini S&P 500 Index
Contract Size
$50 times Index
Tick Size
0.25 points ($12.50 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 3:00p.m.) CST
Exchange
CME
Point Value
$50
Margin/Maintenance
$12,980/11,800
First Notice Date
03/15/24
Expiration Date
03/15/24 (expired)

Seasonal Chart

S&P 500 E-Mini Mar '24
Average Price Chart for 5 Prior Mar Contracts

Commitment of Traders Positions as of Jun 25, 2024

View Chart Details
Commercials - Long / Short
1,400,848 (-458,985)
1,446,947 (-402,747)
Non-Commercials - Long / Short
271,908 (-43,082)
337,155 (-91,945)
Dealers / Intermediary - Long / Short
126,570 (-83,840)
923,272 (-4,195)
Asset / Manager - Long / Short
1,146,091 (+1,305)
172,192 (-5,139)
Leveraged Funds - Long / Short
135,213 (-32,790)
423,985 (-115,428)
Other Reportables - Long / Short
114,578 (-25,645)
114,349 (-8,833)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
4,959.00 +2.88%
on 02/21/24
5,193.00 -1.76%
on 03/08/24
+55.17 (+1.09%)
since 02/15/24
3-Month
4,702.00 +8.50%
on 01/05/24
5,193.00 -1.76%
on 03/08/24
+333.67 (+7.00%)
since 12/15/23
52-Week
3,989.50 +27.88%
on 03/16/23
5,193.00 -1.76%
on 03/08/24
+1,089.67 (+27.16%)
since 03/15/23

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Stocks Erase Early Gains and End Lower on Rising Bond Yields

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.54%. Stock indexes...

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 5,210.55
2nd Resistance Point 5,188.78
1st Resistance Point 5,145.22
Last Price 5,101.67s
1st Support Level 5,079.89
2nd Support Level 5,058.12
3rd Support Level 5,014.56

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52-Week High 5,193.00
Last Price 5,101.67s
Fibonacci 61.8% 4,733.26
Fibonacci 50% 4,591.25
Fibonacci 38.2% 4,449.24
52-Week Low 3,989.50

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