S&P 500 Futures

S&P 500 Index Futures | SP Indices ChartS&P 500 Stock Index - Price Online. Quotes and chart, futures trading information and trading hours. ETFs following the index, settlement rules and features. An online price chart of an S&P 500 stock index futures contract on the Chicago Mercantile Exchange (CME), where it is assigned the ticker SP. The index itself is owned, calculated and administered by Standard & Poor's. S&P 500 (SP) index price online, charts, indices price history, technical and fundamental analysis, reports, comments and more.

Simple and lightweight S&P 500 Index Futures Live Chart is a powerful free tool that allows you to easily conduct technical analysis online without downloading additional files and applications. In order to meet the needs of the most demanding technical analysts, you can find over a hundred chart analysis tools on our S&P 500 Index Futures chart. You can also add any of 80 technical indicators directly to the chart online - in two clicks. The possibilities are endless!

Technical Analysis S&P 500

S&P 500 Index Futures Technical Analysis widget is a modern handy tool that shows ratings based on technical indicators data. The design of the widget is made in the form of a speedometer, thanks to which you can quickly see the results of the summary technical analysis. You no longer need to use many indicators for analyzing financial instruments, the widget will do it for you. In addition, all rating data are updated in real time. These technical indicators are used for technical analysis: Relative Strength Index, Stochastic, Commodity Channel Index, Average Directional Index, Awesome Oscillator, Momentum, MACD, Stochastic RSI, Williams Percent Range, Bull Bear Power, Ultimate Oscillator, Exponential Moving Average, Simple Moving Average, Ichimoku Cloud Base Line, Volume Weighted Moving Average, Hull Moving Average.

Trade Equity Index Futures

Investing in Equity Index Futures is a way to gain access to price movements on an underlying Index, and to be able to buy and sell the underlying financial instrument at a fixed price on a future date. By trading Equity Index Futures, which are based on global benchmark Indices such as the Dow Jones, Nasdaq, S&P, and Russell 2000, you may have the opportunity to potentially benefit from price movements of multiple equities without trading them one-by-one. Trade Index Futures with as little as $100 you can get to trading! Explore the app!

What Is an Equity Index and How Does It Work?

Over the past couple of years, equity indices have grown in popularity as investors and traders seek to gain exposure to a plethora of companies’ price swings without having to trade each stock individually.

So what are indices exactly, how does a stock index work and how is it calculated? Here’s what you need to know about equity indices:

Equity Index Defined: What Is an Equity Index?
In short, an equity index is a compilation of stocks from different or similar market segments. The stocks are compiled together based on factors such as market capitalization, geography, or market sector among other things.

How Do Equity Indices Reflect Market Performance and Trends?
Indices can be useful tools to traders as they give them an overview of market performance. This is because stock indices gauge how certain sectors function as a whole which means that traders do not have to look at individual stocks to do so.

Traders may also use equity indices, such as the S&P 500 to compare their portfolio to the index. In addition, investors may want to get a better grasp on a particular stock sector or want to outperform it, referring to sector indices.

Significance of Equity Indices
Equity indices can be significant due to the fact that they are good indicators of overall market sentiment, they can be used by traders to measure their portfolios’ and investments’ performances, and they can help traders diversify their portfolios.

Trading Equity Indices
Given the important and helpful role they play, traders and investors may naturally seek ways to invest in equity indices. Investing and trading indices can be conducted through various methods, including CFDs and ETFs which may be suitable for traders looking for short-term gains.

On the other hand, those seeking to profit in the long run may find Equity Index Futures more attractive.

What Are Equity Index Futures?
Equity index Futures are derivative agreements between two parties that allow them to speculate on the future prices of the underlying index in question. These contracts obligate the involved parties to settle the contract at a predetermined price in the future. You can find out how Futures contracts work in our article “What Are Futures and How to Trade Them?”

To conclude, equity indices may be a good solution for traders and investors seeking to gain exposure to various stocks and market sectors without having to trade each stock on its own. These may also be a good way for traders to gauge the overall performance of the market and certain stock sectors. Plus500’s Futures trading platform offers Futures contracts on equity indices.

About S&P 500 Index

The S&P 500 Index is an American stock index, one of the largest in the United States. It includes securities of the 500 largest issuers with the largest capitalization, traded on the US stock exchanges.

Interestingly, despite its name, the index includes 505 stocks, but there are exactly 500 issuers in it. The companies included in it belong to a wide variety of areas of the economy, from healthcare to industry, which allows us to evaluate the American economy as a whole.

S&P 500 futures are offered by the Chicago Mercantile Exchange (CME). Thanks to the electronic trading of the GLOBEX system, you can trade from Monday to Friday. There is a break in trading only for an hour every day from 00:00 to 1:00. At this time, the index data is recalculated and updated.

The index was created by the efforts of Standard & Poor's, its publication began on March 4, 1957. It is now part of the S&P Dow Jones U.S. family of indices. and is a true barometer of the entire American economy. It can also be used as a leading indicator characterizing American GDP.

The S&P 500 appeared much later than the first stock index (the Dow Jones was created in 1896), but it was he who became the main indicator of the American stock market.

In the calculations of Standard & Poor's, they not only average the price of shares, but also assign a certain "weight" to each security. "Weight" depends on Free-Float, that is, on the volume of shares in free float. In other words, if a company is the S&P 500 leader in terms of market capitalization, this does not mean at all that it will be assigned the largest share in the weight of this index.

The total (cumulative) market capitalization of all corporations included in the S&P 500 index is more than 23 trillion USD. This value corresponds to 70% of the market capitalization of the entire American stock market.

The S&P 500 index basket includes companies operating in all sectors of the economy. At the same time, the IT sector accounts for more than 20%; the healthcare, finance and communications sectors are also among the leaders. The weight of the IT, healthcare and communications sector is around 50%.

There is a wide range of companies' capitalization. The leaders in the basket have a capitalization of over $ 1 trillion, while the capitalization of the smallest company does not even reach $ 1 billion. The median capitalization fluctuates around $ 16- $ 17 billion.

The composition of the basket is not a static value; rebalancing is performed at least 4 times a year (quarterly). Changes in the composition of the S&P 500 may occur in March, June, September and December.

Applicants for inclusion in the S&P 500 index pass a fairly tough selection. The following conditions must be met:

  • A month before the company is appraised, within six months, the monthly trading turnover must exceed 250,000 stock;
  • The ratio of the annual traded volume in dollars to the market capitalization of the company must be at least 1;
  • The company must be American;
  • Regular public companies listed on US trading floors, as well as REITs are eligible for inclusion in the index;
  • The company should have a market capitalization of $ 4.1 billion;
  • The “weight” of each company is taken into account in order to prevent a strong bias towards one of the spheres of the economy;
  • The restriction for companies that have recently undergone an IPO has been removed, from April 4, 2019, such shares are considered on an equal basis with others.

The volatility of this instrument has always been at an average level. Over the past 20 years, only a few times the daily volatility has exceeded 100 pips. Most of the time, volatility was about 20-50 points.

The all-time record was set in March 2020, when stock markets across the planet began to fall due to the pandemic. On this day, the S&P 500 index showed volatility over 300 points.

As for the calculation, the standard formula "weighing" the company by capitalization is used:

For each company, the product is calculated the value of a stock by the number of freely available securities (free float - those securities that can be bought on the stock exchange);

The results are summed up and the resulting number is divided by Divisor - the coefficient selected during the development of the index.

The calculation of the S&P 500 index value is carried out according to the formula:

S&P 500 Index Futures | SP Indices Chart

  • n - 500, the number of companies in the index;
  • P - is the company's share price;
  • N - Free-Float, how many shares are in free circulation, anyone can buy them on the stock exchange;
  • Divisor is a synthetic coefficient; when developing the index, it was selected in such a way as to get the S&P 500 value equal to 10.

The S&P family includes many indices. In addition to the main one, the most famous and used ones include:

S&P MidCap 400 - is an index based on 400 US mid-cap companies.

S&P SmallCap 600 - is an index of 600 low-cap American issuers.

The S&P 1500 - is a general index that combines the two above, as well as the S&P 500.

The S&P 100 - is an integral part of the S&P 500, which includes the 100 largest and most reputable companies from it.

S&P Total Return - is an index of total return that takes into account dividends paid by issuers included in the S&P 500.

S&P Europe 350 - is a stock index of 350 large European companies.

S&P/ASX 50 - Australian stock market index.

S&P Asia 50 - is an index of securities of issuers that have been listed on the exchanges of Hong Kong, South Korea, Singapore and Taiwan.

S&P Latin America 40 - is an index that includes stocks of 40 companies from Brazil, Chile, Colombia, Mexico and Peru.

S&P/TOPIX 150 - is a regional stock index of the Japanese market.

S&P/TSX 60 - is an index of 60 large companies listed on the Toronto Stock Exchange.

S&P Global 1200 - is a global index from Standard & Poor's, calculated on the basis of stock prices of 1200 issuers from 31 countries of the world. Includes 6 of the aforementioned local indices and the S&P 500 itself.

In the S&P family, in addition to global and regional indices, there are also sectoral and other types of indices, the total number of which exceeds 100.

How to make money trading S&P 500 futures

S&P 500 futures were launched in the early 1980s. This method of working with an index is more suitable for active trading than working with stocks of ETF funds. Another feature of futures is the ability to work with leverage.

S&P 500 options are traded on the Chicago Board Options Exchange (CBOE). There are also options on the shares of the ETF of the SPDR S&P 500 fund. In total, there are 5 types of options on the S&P 500 index on SVOE.

As for the trading methodology, the principle is the same as in the case of investing in ETF funds:

  • Open an account with a broker that gives access to the appropriate platform;
  • Buy a futures or an option on the S&P 500 index;
  • Hold the contract until the expiration date or engage in active intraday trading.

In addition to working with leverage and the ability to work intraday, futures are also good because they have much higher liquidity than ETF shares.

So, in the description of the S&P 500 futures on the CME it is said that the daily liquidity for futures is 8 times higher than that of all ETF funds (including SPY, VOO, IVV).

Investing in the S&P 500 with ETF Funds

ETFs (Exchange Traded Funds) are exchange-traded funds that buy stocks from an index basket at an exact ratio. In this way, funds copy the index basket and list their shares on the stock exchange. When you buy a stock, you get a whole portfolio of stocks that copies the index.

If you yourself bought at least 500 shares of different companies without taking into account the weight (distribution by quantity), then you would need more than 45 thousand dollars. And one ETF share of the fund can cost $ 50-250, while the percentage yield will be the same.

Let's list the ETFs that copy the S&P 500.

The SPDR S&P 500 (SPY) copies the benchmark with high accuracy (the benchmark is the base on which the ETF is created, in our case it is the S&P 500).

This index fund was created on January 22, 1993 and manages over $ 300 billion and is issued by State Street Global Advisors. In terms of structure, it is UIT (Unit Investment Trust - Investment Trust).

iShares Core S&P 500 (IVV). It has existed since 2000 and is essentially the same as SPY, but the issuer was BlackRock.

Vanguard S&P 500 (VOO) is a fairly young fund, launched only in 2010. The issuer is Vanguard. The principle of operation is the same as in the previous 2 - copying the S&P 500 index with high accuracy.

ProShares Trust PSHS Ult S & P500 (SSO). This fund is interesting in that it works with leverage, doubling the movement of the index. If the S&P 500 rallies 2%, the fund shares increase in value by 4%, and losses also increase proportionally. The issuer is ProShares.

There are inverse or mirror funds that rally when the S&P 500 falls and vice versa. They are usually used for insurance.

As an example, let's take ProShares Short S&P 500 (SH) and ProShares UltraShort S&P 500 (SDS), the latter works with leverage, that is, it scales the movements of the S&P. The issuer for both funds is the same - ProShares.

There are other index funds that copy the S&P 500.

As for the purchase of securities directly, you can purchase ETF shares through a broker.

Investing in the S&P 500 through ETFs instead of buying futures is a great medium to long term investment option.

Features of investing in ETN on the S&P 500 index

ETN (Exchange Traded Notes) is a stock exchange note, in simple words, it is a receipt (analogous to a bond). By investing in exchange-traded notes, the investor seems to lend money to the company that issued the notes.

Examples: iPath S&P 500 Dynamic VIX ETN (XVZ), iPath Series B S&P 500 VIX Mid-Term Futures (VXZ), iPath Series B S&P 500 VIX Short-Term Futures (VXX). Exchange-traded notes are quite actively traded on the Tel Aviv Stock Exchange (TASE).

As for the release and distribution of ETNs, the step-by-step process looks like this:

The issuing company sells the notes to a dealer or goes public with its own product;

Traders buy this product in the same way as regular bonds, effectively lending money to the seller of the notes;

ETN has a maturity date. At the end of this period, note holders receive an amount equivalent to the current value of the S&P Index.

So far, ETFs have outperformed ETNs in terms of reliability. The scenario with the bankruptcy of the issuing company is unlikely, but if possible, it is better to give preference to ETF. Consider the low liquidity on the ETN market.

The S&P 500 characterizes the state of the US economy, which means that it is the most important stock index on the planet. This is a highly liquid instrument, and given the scale of the American economy, it will remain in demand in the future.

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S&P500 Futures Forecast


On this analysis we view the S&P500 (SPX) from the longer term perspective of the 1M time-frame in order to answer the question of why it hasn't pulled-back since the October 2023 Low. The answer can be given by observing the index from a cyclical point of view.

First, with the exception of the March 2020 COVID flash crash and more recently October 2022, the 1M MA50 (blue trend-line), was intact since October 2011. Even during those two tests, it never closed a monthly (1M) candle below it. This makes it the current long-term Support and every pull-back towards it is a buy opportunity on the lowest possible risk.

The catalyst on this long-term analysis is the Channel Down that started on the 1M RSI since the September 2015 Low. Every decline near its bottom (Lower Lows trend-line) is a buy opportunity, while near its top (Lower Highs trend-line) is a sell. Right now the Cycle (5th since the bottom of the 2008-2009 Housing Crisis) is at the point after its 1st mid-cycle correction (blue circle) where the 1M RSI typically bounces off its MA (yellow) trend-line.

This hasn't just happened within the RSI's Channel Down but is also a characteristic of all Cycles since the bottom of the 2008-2009 Housing Crisis. At the same time, the 1M MACD rises on a Bullish Cross.

As a result, even though a short-term pull-back can be technically justified, the current Bull Cycle is far from over as the 1M RSI hasn't approached the Channel's top. Technically that should be towards the fall of 2024 followed by a volatile 2025.


Filling the target area for longs. Exiting all longs that I still have running (Which isn't much, I hit targets and trailing stops on most things over the last couple days). Taking up full short positions again. Will bail on shorts if 4600 is broke..

Elliott Wave Forecast: S&P 500 (SPX) Shows 5 Waves Down

S&P 500 (SPX) shows a 5 swing bearish sequence from 1.4.2022 high calling for further downside towards the extreme area of 2425 – 3150. Short term, the decline from 8.16.2022 high remains in progress as a 5 waves impulse Elliott Wave structure. Down from 8.16.2022 high, wave 1 ended at 3906.03 and rally in wave 2 ended at 4119.28.

The Index resumes lower in wave 3 towards 3584.13. The 45 minutes chart below shows that moves down to end wave 3. Wave 4 ended at 3809.4 as a zigzag structure. Up from wave 3, wave ((a)) ended at 3791.92, wave ((b)) ended at 3722.66, and wave ((c)) ended at 3890.4.

Wave 5 lower is in progress with internal subdivision as another 5 waves in lesser degree. Down from wave 4, wave ((i)) ended at 3573.68 and wave ((ii)) rally ended at 3640.66. While below 3809.4, expect the Index to extend lower to complete wave 5 as an impulse.

Once wave 5 ends, this should also complete wave (A) in higher degree. Index should then end cycle from 8.16.2022 high and see larger corrective rally in wave (B) in 3, 7, or 11 swing to correct that cycle before the decline resumes.

S&P 500 45 Minutes Elliott Wave Chart

Elliott Wave Forecast: S&P 500 (SPX) Shows 5 Waves Down

Elliott Wave Forecast: S&P 500 E-Mini Futures (ES) Soon to End 5 Waves

Short term Elliott Wave view on S&P 500 E-mini Futures (ES) suggests pullback from 8.17.2022 high is in progress as a zigzag Elliott Wave structure. Down from 8.17.2022 high, wave A ended at 3903.50. Wave B rally is currently in progress to correct cycle from 8.17.2022 high before the Index turns lower. Internal subdivision of wave B is unfolding as an expanded Flat structure.

Expanded flat is a 3-3-5 structure. Up from wave A low at 3903.50, wave (a) ended at 3974.25, wave (b) ended at 3955.25, and wave (c) ended at 4019.25. This completed wave ((a)) of the expanded flat.

Wave ((b)) pullback ended at 3883.72 also in 3 swing. Down from wave ((a)), wave (a) ended at 3906, wave (b) ended at 3911.75, and wave (c) ended at 3883.72. This completed wave ((b)) in higher degree. ES has rallied higher in wave ((c)) as 5 waves. Up from wave ((b)), wave (i) ended at 3996 and wave (ii) ended at 3942.75.

Wave (iii) ended at 4143. Wave (iv) pullback is in progress and while pivot at 3883.72 stays intact, Index still can see 1 more push higher to end wave (v) of ((c)). This should complete wave B in higher degree and end correction to cycle from 8.17.2022 high before turning lower again.

S&P 500 E-mini Futures 45 Minutes Elliott Wave Chart

Elliott Wave Forecast: S&P 500 E-Mini Futures (ES) Soon to End 5 Waves

Elliott Wave View: $SPX (S&P 500) 5 Waves Rally Looks Incomplete

Short Term Elliott Wave View in S&P 500 (SPX) suggests the rally from 6.17.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 6.17.2022 low, wave 1 ended at 3925.75 and pullback in wave 2 ended at 3729.97. Up from there, wave 3 is in progress as another 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 4002.86 and dips in wave ((ii)) ended at 3910.74.

Short Term Elliott Wave View in S&P 500 (SPX) suggests the rally from 6.17.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 6.17.2022 low, wave 1 ended at 3925.75 and pullback in wave 2 ended at 3729.97. Up from there, wave 3 is in progress as another 5 waves in lesser degree. Up from wave 2, wave ((i)) ended at 4002.86 and dips in wave ((ii)) ended at 3910.74.

The Index extended higher in wave ((iii)) towards 4167.66, and pullback in wave ((iv)) ended at 4111.49. Wave ((v)) is in progress and expected to end soon with 1 more marginal high. This should also complete wave 3 in higher degree. Index should then pullback in wave 4 to correct rally from wave 2 low on July 14. Wave 4 pullback ideally ends around 23.6 – 38.2% Fibonacci retracement of wave 3, and not more than 50% retracement. Afterwards, Index should extend higher 1 more time in wave 5 to complete the impulsive structure from 6.17.2022 low. Near term, as far as pivot at 3729.97 low remains intact, expect dips to find support in 3, 7, 11 swing for further upside.

SPX 45 Minutes Elliott Wave Chart

Elliott Wave View: $SPX (S&P 500) 5 Waves Rally Looks Incomplete

Elliott Wave View: 5 Waves Rally in SPX Suggests Further Upside

Short Term Elliott Wave view in SP500 (SPX) suggest that rally from 6.17.2022 low is unfolding as a zig zag Elliott Wave structure. Up from 6.17.2022 low, wave 1 ended at 3925.73 and dips in wave 2 ended at 3723.21. Internal of wave 2 unfolded as a zigzag structure in lesser degree. Wave ((a)) ended at 3746.62, wave ((b)) ended at 3918.77 and wave ((c)) lower ended at 3723.21. This completed wave 2 in higher degree.

Up from wave 2, wave ((i)) ended at 3895.99 and dips in wave ((ii)) ended at 3818.14. Index extends higher in wave ((iii)) towards 3973.83, wave ((iv)) ended at 3929.53, and final leg higher wave ((v)) ended at 4002.94 which completed wave 3.

Pullback in wave 4 ended at 3909.90 as zig zag correction. Wave 5 higher is in progress as a diagonal. Wave ((i)) of 5 is near complete and the index should continue moving sideways and higher to end wave 5 and the first leg wave (A) of the zig zag structure.

After wave (A) ends, pair should see a pullback in 3, 7 or 11 swings within wave (B). As this correction stays above 3637.41 level, we are expecting more upside in wave (C) as an impulse structure.

SPX 60 Minutes Elliott Wave Chart

Elliott Wave View: 5 Waves Rally in SPX Suggests Further Upside

Elliott Wave View: S&P 500 (SPX) Extends Lower. What’s Next?

S&P 500 30 Minutes Elliott Wave Chart

Elliott Wave View: S&P 500 (SPX) Extends Lower. What’s Next?

S&P 500 (SPX) broke below previous low on 5/21/2022 at 3810.32 and opens up a bearish sequence favoring further downside. The entire decline from 1/4/2022 high is unfolding as a triple three Elliott Wave structure. Triple three structure is an 11 swing corrective structure where W, Y, and Z subdivides into 3 waves.

Down from 1/4/2022 high, wave ((W)) ended at 4222.62 and rally in wave ((X)) ended at 4637.3. Index then extended lower and ended wave ((Y)) at 3858.87 and rally in ((X)) ((X)) ended at 4176.35.

The 30 minutes chart below shows the decline from ((X)) ((X)) on 6/3/2022 high is in progress as an impulse Elliott Wave structure. Down from 6/3/2022, wave 1 ended at 4098.67 and rally in wave 2 ended at 4167.81. Index then extended lower in wave 3 towards 3705.68.

Expect rally in wave 4 to end in 3, 7, or 11 swing and then Index can see a marginal low in wave 5 to complete wave (A). Afterwards, it should correct the entire decline from 6/3/2022 high in wave (B) before the decline resumes.

Near term, as far as 6/3/2022 pivot at 4176.35 stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.

Elliott Wave Analysis of the S&P 500 Stock Index. Are We Already In A Bear Market?

Elliott wave analysis of the S&P 500 stock index

Have plotted my counts, not sure on last part if it's going to morph into 5 waves or it's a B wave overshoot (think it's a B wave), Good chance if we get the ABC I have marked and don't bounce we're heading into a severe dump for quite some time.

Many new investors in the stock market think they cannot lose $ currently and are blindly risk on... because omg inflation and money printing.

This like all other bull markets in the past will come to an end eventually and be quite painful for a lot of people, My approach is always quite simple - I don't ever short - no leverage/options - I'm only interested in buying spot in the event of a total crash when most are panic selling.

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