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

Price Action

• Last: 5797.75,
• Bars: Medium,
• Mom: Momentum 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.

YSFG Year 2024

• Long-Term
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: UTrend,
• YSFG vs Prior YSFG: Open higher.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 5625.75,
• 4. Pvt. Next: Pvt low 5140.75,
• 5. Levels R: 5888.75, 5625.75,
• 6. Levels S: 5140.75, 4364.50, 4174.50, 3904.75.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 5534 Up Trend,
• (Intermediate-Term) 10 Week: 5639.75 Up Trend,
• (Long-Term) 20 Week: 5697.75 Up Trend,
• (Long-Term) 55 Week: 5377.25 UTrend,
• (Long-Term) 100 Week: 4973.5 UTrend,
• (Long-Term) 200 Week: 4878.5 UTrend.

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

Key Insights Summary

The ES E-mini S&P 500 Futures show a mixed short-term outlook with a neutral stance, as recent signals indicate both long and short positions. The intermediate and long-term trends remain bullish, supported by upward momentum in moving averages and a higher yearly session fib grid. The market is experiencing average momentum with medium-sized bars, suggesting a balanced trading environment. Key resistance levels are noted at 5888.75 and 5625.75, while support is found at 5140.75 and lower. The overall sentiment leans towards a continuation of the bullish trend, with potential for further gains if resistance levels are breached.