ES E-mini S&P 500 Futures Daily Chart Analysis: 2024-Nov-03 18:03 CT

Price Action

Last: 5744.50,
Bars: Medium,
Mom: Average.

WSFG Weekly

Short-Term
WSFG Current: -108%
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 lower,

Swing Pivots

(Short-Term) 1. Pvt. Trend: DTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt low 5742.50,
4. Pvt. Next: Pvt high 5927.25,
5. Levels R: 5927.25, 5871.25, 5840.75,
6. Levels S: 5742.50, 5454.75, 5180.75.

Daily Benchmarks

(Short-Term) 5 Day: 5768.25 Down Trend,
(Short-Term) 10 Day: 5784.25 Down Trend,
(Intermediate-Term) 20 Day: 5846.45 Down Trend,
(Intermediate-Term) 55 Day: 5673.96 Up Trend,
(Long-Term) 100 Day: 5488.73 Up Trend,
(Long-Term) 200 Day: 5488.73 Up Trend.

Additional Metrics

ATR: 224,
VOLMA: 1375750.

Recent Trade Signals

01 Nov 2024: Long ES 12-24 @ 5784 Signals.USAR-MSFG
31 Oct 2024: Short ES 12-24 @ 5759 Signals.USAR.TR720
30 Oct 2024: Short ES 12-24 @ 5840 Signals.USAR.TR120
30 Oct 2024: Long ES 12-24 @ 5871 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

The current market shows a mixed sentiment with short-term bearishness indicated by the downward trend in the 5 and 10-day moving averages and recent pivot trends. Intermediate-term signals are neutral, with the MSFG showing a neutral trend and price action opening lower compared to the previous month. Long-term indicators remain bullish, supported by the upward trend in the 100 and 200-day moving averages. Recent trade signals reflect this mixed environment, with both long and short positions being triggered. The market is experiencing average momentum with medium-sized bars, suggesting a period of consolidation or potential transition. Traders should be aware of the key resistance and support levels as the market navigates through this phase.