YM E-mini Dow ($5) Futures Daily Chart Analysis: 2024-Nov-03 18:10 CT

Price Action

• Last: 42159,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: -8%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: 4%
• 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: UTrend,
• 3. Pvt. Evolve: Pvt low 40789,
• 4. Pvt. Next: Pvt high 43581,
• 5. Levels R: 43581,
• 6. Levels S: 40789, 38932.

Daily Benchmarks

• (Short-Term) 5 Day: 42314 Down Trend,
• (Short-Term) 10 Day: 42586 Down Trend,
• (Intermediate-Term) 20 Day: 42783 Down Trend,
• (Intermediate-Term) 55 Day: 42658 Down Trend,
• (Long-Term) 100 Day: 41362 Up Trend,
• (Long-Term) 200 Day: 40627 Up Trend.

Additional Metrics

• ATR: 418,
• VOLMA: 116999.

Recent Trade Signals

• 01 Nov 2024: Long YM 12-24 @ 42364 Signals.USAR.TR120
• 01 Nov 2024: Long YM 12-24 @ 42364 Signals.USAR-MSFG
• 31 Oct 2024: Short YM 12-24 @ 42205 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

The YM E-mini Dow futures are experiencing a mixed trend environment. Short-term indicators suggest a bearish outlook with recent price action below key moving averages and a downward WSFG trend. Intermediate-term signals are neutral, with the MSFG showing an upward trend but recent price action indicating potential consolidation. Long-term trends remain bullish, supported by the 100 and 200-day moving averages. Recent trade signals reflect this mixed sentiment, with both long and short positions being triggered. The market may be in a phase of consolidation, with potential for volatility as it tests support and resistance levels.