NQ E-mini NASDAQ 100 Futures Daily Chart Analysis: 2024-Nov-03 18:05 CT

Price Action

Last: 19996.42,
Bars: Medium,
Mom: Momentum average.

WSFG Weekly

Short-Term
WSFG Current: 0%
F0%/NTZ' Bias: Price Neutral,
WSFG Trend: Neutral.

MSFG Month Nov

Intermediate-Term
MSFG Current: 3%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.
MSFG vs Prior MSFG: Open higher,

Swing Pivots

(Short-Term) 1. Pvt. Trend: DTrend,
(Intermediate-Term) 2. HiLo Trend: Neutral,
3. Pvt. Evolve: Pvt Low 20098.5,
4. Pvt. Next: Pvt High 20508.0,
5. Levels R: 20788.5, 21151.75,
6. Levels S: 20098.5, 19340.5, 18574.75.

Daily Benchmarks

(Short-Term) 5 Day: 20380.75 Down Trend,
(Short-Term) 10 Day: 20308.75 Down Trend,
(Intermediate-Term) 20 Day: 20406.5 Down Trend,
(Intermediate-Term) 55 Day: 20393.05 Up Trend,
(Long-Term) 100 Day: 19996.42 Up Trend,
(Long-Term) 200 Day: 19340.51 Up Trend.

Additional Metrics

ATR: 1131,
VOLMA: 520676.

Recent Trade Signals

31 Oct 2024: Short NQ 12-24 @ 20036.25 Signals.USAR-MSFG
31 Oct 2024: Short NQ 12-24 @ 20069.25 Signals.USAR.TR720
31 Oct 2024: Short NQ 12-24 @ 20408.75 Signals.USAR-WSFG
30 Oct 2024: Short NQ 12-24 @ 20534.5 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

The NQ E-mini NASDAQ 100 Futures chart shows a mixed picture with short-term bearish momentum as indicated by the recent downtrend in the 5 and 10-day moving averages. The intermediate-term trend is neutral, with price action hovering around key pivot levels. The long-term outlook remains bullish, supported by the 100 and 200-day moving averages trending upwards. Recent trade signals suggest a focus on short positions, reflecting the current short-term bearish sentiment. The market is experiencing average momentum with medium-sized bars, indicating a potential for further consolidation or a shift in trend direction. The ATR suggests moderate volatility, while the volume metrics indicate steady trading activity.