YM E-mini Dow ($5) Futures Weekly Chart Analysis: 2024-Nov-03 18:11 CT

Price Action

• Last: 42078,
• Bars: Medium,
• Mom: 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.

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 43169,
• 4. Pvt. Next: Pvt low 41551,
• 5. Levels R: 43202, 43000, 42800,
• 6. Levels S: 38254, 34003.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 42707 Up Trend,
• (Intermediate-Term) 10 Week: 41477 Up Trend,
• (Long-Term) 20 Week: 41177 Up Trend,
• (Long-Term) 55 Week: 38153 Up Trend,
• (Long-Term) 100 Week: 37091 Up Trend,
• (Long-Term) 200 Week: 35964 Up Trend.

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

Key Insights Summary

The YM E-mini Dow futures are experiencing a mixed short-term environment with a downward WSFG trend, yet the swing pivot trend remains upward. Intermediate and long-term trends are bullish, supported by strong moving averages and a positive MSFG trend. Recent trade signals indicate a potential for upward movement, aligning with the intermediate and long-term bullish outlook. The market is currently testing resistance levels, with potential support at lower levels, suggesting a period of consolidation or potential breakout.