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S&P 500 E-Mini Jun '23 (ESM23)
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S&P 500 E-Mini Futures Market News and Commentary

Stocks Finish Higher as Negotiators Inch Toward a Debt-Ceiling Agreement

What you need to know…

The S&P 500 Index ($SPX) (SPY) Friday closed up +1.30%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.00%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.58%.

Stock indexes Friday closed moderately higher, with the Nasdaq 100 posting a 13-1/2 month high.  Stocks rallied Friday as negotiators appear to be moving closer to an agreement to raise the U.S. debt ceiling and cap federal spending for two years.

Bloomberg reported that Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, although the terms are tentative, and a final accord is still not in hand.  Although most lawmakers have left Washington D.C. and gone home for the long holiday weekend, negotiators have been asked to keep working until they reach a deal.

Stocks are moving higher today despite stronger-than-expected U.S. economic reports that pushed bond yields higher and bolste... 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
$12,320/11,200
First Notice Date
06/16/23 (18 days)
Expiration Date
06/16/23 (18 days)

Seasonal Chart

S&P 500 E-Mini Jun '23
Average Price Chart for 5 Prior Jun Contracts

Commitment of Traders Positions as of May 23, 2023

View Chart Details
Commercials - Long / Short
1,880,069 (+84,289)
1,457,962 (+77,840)
Non-Commercials - Long / Short
195,793 (-5,485)
600,085 (+10,086)
Dealers / Intermediary - Long / Short
491,690 (+48,280)
437,143 (+75,927)
Asset / Manager - Long / Short
1,050,328 (+6,169)
422,716 (-8,405)
Leveraged Funds - Long / Short
164,886 (+37,252)
682,787 (+53,877)
Other Reportables - Long / Short
89,199 (+2,873)
235,642 (-17,703)
Get Realtime - Quotes and Charts for Futures Traders. Learn More >>

Price Performance

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Period Period Low Period High Performance
1-Month
4,062.25 +3.91%
on 05/04/23
4,243.25 -0.52%
on 05/30/23
+32.75 (+0.78%)
since 04/28/23
3-Month
3,839.25 +9.95%
on 03/13/23
4,243.25 -0.52%
on 05/30/23
+209.50 (+5.22%)
since 02/28/23
52-Week
3,562.00 +18.51%
on 10/13/22
4,382.75 -3.68%
on 08/16/22
+12.25 (+0.29%)
since 05/27/22

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Stocks Finish Higher as Negotiators Inch Toward a Debt-Ceiling Agreement

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +1.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.00%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed up +2.58%....

$SPX : 4,205.45 (+1.30%)
SPY : 420.02 (+1.30%)
$DOWI : 33,093.34 (+1.00%)
DIA : 330.84 (+0.94%)
$IUXX : 14,298.41 (+2.58%)
QQQ : 348.40 (+2.56%)
NVDA : 389.46 (+2.54%)
KLAC : 461.19 (+6.20%)
GFS : 60.05 (+6.45%)
QCOM : 110.35 (+6.09%)
MU : 73.93 (+6.21%)
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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 4,316.25
2nd Resistance Point 4,268.75
1st Resistance Point 4,241.00
Last Price 4,223.25
1st Support Level 4,165.75
2nd Support Level 4,118.25
3rd Support Level 4,090.50

See More

52-Week High 4,382.75
Last Price 4,223.25
Fibonacci 61.8% 4,069.22
Fibonacci 50% 3,972.38
Fibonacci 38.2% 3,875.53
52-Week Low 3,562.00

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