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S&P 500 Cons Disc Mar '26 (BIH26)

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S&P 500 Cons Disc Futures Market News and Commentary

Stocks Rally on a Push for Diplomacy to End US-Iran War

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +1.18%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.66%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.81%.  June E-mini S&P futures (ESM26) rose +1.18%, and June E-mini Nasdaq futures (NQM26) rose +1.76%.

Stock indexes rallied sharply on Tuesday, with the S&P 500 posting a 2-month high, the Dow Jones Industrial Average a 1.25-month high, and the Nasdaq 100 a 2.25-month high.  Optimism that the US and Iran will extend the two-week ceasefire knocked crude oil prices sharply lower on Tuesday and pushed stocks higher.  The US and Iran are in discussions on holding additional negotiations to extend a two-week ceasefire that expires on April 22.  The New York Post reported that President Trump said talks could resume "over the next two days" in Pakistan.   There are also reports that Iran might pause shipments through the Strait of Hormuz to avoid sparking an incident with the US military.  The news knocked c... Read more

Contract Specifications

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Contract
S&P 500 Consumer Discretionary Sector Index
Contract Size
$100 times Index
Tick Size
0.10 points ($10.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) (Settles 3:00p.m.) CST
Exchange
CME
Point Value
$100
Expiration Date
03/20/26 (expired)

Seasonal Chart

S&P 500 Cons Disc Mar '26
Average Price Chart for 5 Prior Mar Contracts
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Price Performance

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Period Period Low Period High Performance
1-Month
2,197.90 +0.43%
on 03/19/26
2,380.60 -7.28%
on 02/26/26
-169.94 (-7.15%)
since 02/20/26
3-Month
2,197.90 +0.43%
on 03/19/26
2,542.30 -13.17%
on 01/12/26
-274.14 (-11.05%)
since 12/19/25
52-Week
1,834.60 +20.32%
on 04/08/25
2,542.30 -13.17%
on 01/12/26
+165.76 (+8.12%)
since 03/20/25

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Barchart Trading Guide

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

Key Turning Points

3rd Resistance Point 2,225.43
2nd Resistance Point 2,221.81
1st Resistance Point 2,214.59
Last Price 2,207.36s
1st Support Level 2,203.75
2nd Support Level 2,200.13
3rd Support Level 2,192.91

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52-Week High 2,542.30
Fibonacci 61.8% 2,271.96
Last Price 2,207.36s
Fibonacci 50% 2,188.45
Fibonacci 38.2% 2,104.94
52-Week Low 1,834.60

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