EMD E-mini S&P MidCap 400 Futures Daily Chart Analysis: 2024-Nov-03 18:02 CT

Price Action

• Last: 3159.6,
• Bars: Medium,
• Mom: Average.

WSFG Weekly

• Short-Term
• WSFG Current: -39%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: 0%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.
• MSFG vs Prior MSFG: Open higher,

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 3120.9,
• 4. Pvt. Next: Pvt high 3192.9,
• 5. Levels R: 3230.5, 3192.9,
• 6. Levels S: 3106.1, 2926.1.

Daily Benchmarks

• (Short-Term) 5 Day: 3141.1 Down Trend,
• (Short-Term) 10 Day: 3146.4 Down Trend,
• (Intermediate-Term) 20 Day: 3158.6 Down Trend,
• (Intermediate-Term) 55 Day: 3118.9 Up Trend,
• (Long-Term) 100 Day: 3077.2 Up Trend,
• (Long-Term) 200 Day: 3033.7 Up Trend.

Additional Metrics

• ATR: 384,
• VOLMA: 8395.

Recent Trade Signals

• 01 Nov 2024: Long EMD 12-24 @ 3136.4 Signals.USAR-MSFG
• 31 Oct 2024: Short EMD 12-24 @ 3121.1 Signals.USAR-WSFG

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Neutral,
• Long-Term: Bullish.

Key Insights Summary

The EMD E-mini S&P MidCap 400 Futures chart shows a mixed outlook across different time frames. Short-term indicators suggest a bearish trend with price action below key resistance levels and a downward trend in short-term moving averages. Intermediate-term signals are neutral, with the MSFG showing a neutral trend and price action opening higher than the previous month. Long-term indicators remain bullish, supported by upward trends in the 100 and 200-day moving averages. Recent trade signals indicate a potential shift, with a long position initiated on November 1st. The market appears to be in a consolidation phase, with potential for volatility as it tests key support and resistance levels.