EMD E-mini S&P MidCap 400 Futures Daily Chart Analysis: 2026-Jan-20 07:06 CT

Price Action

Last: 3475.5,
Bars: Large,
Mom: Momentum fast.

WSFG Weekly

Short-Term
WSFG Current: -26%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month Jan

Intermediate-Term
MSFG Current: 92%
F0%/NTZ' Bias: Price Above,
MSFG Trend: Up.

YSFG Year 2026

Long-Term
YSFG Current: 12%
F0%/NTZ' Bias: Price Above,
YSFG Trend: Up.

Swing Pivots

(Short-Term) 1. Pvt. Trend: DTrend,
(Intermediate-Term) 2. HiLo Trend: UTrend,
3. Pvt. Evolve: Pvt Low 3411.1,
4. Pvt. Next: Pvt High 3547.9,
5. Levels R: 3547.9,
6. Levels S: 3411.1, 3329.4.

Daily Benchmarks

(Short-Term) 5 Day: 3503.4 Up Trend,
(Short-Term) 10 Day: 3478.2 Up Trend,
(Intermediate-Term) 20 Day: 3424.7 Up Trend,
(Intermediate-Term) 55 Day: 3329.4 Up Trend,
(Long-Term) 100 Day: 3329.4 Up Trend,
(Long-Term) 200 Day: 3208.3 Up Trend.

Additional Metrics

ATR: 445,
VOLMA: 13383.

Recent Trade Signals

12 Jan 2026: Long EMD 03-26 @ 3479.7 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

The EMD futures daily chart shows a strong intermediate and long-term uptrend, with all major moving averages trending higher and price holding above key monthly and yearly session fib grid levels. However, the short-term picture has shifted to a downside correction, as indicated by the recent swing pivot DTrend, a fast momentum drop, and price falling below the weekly session fib grid NTZ. The most recent swing high at 3547.9 now acts as resistance, while support is seen at 3411.1 and 3329.4. Volatility remains elevated (ATR 445), and volume is robust. The recent long signal from 12 Jan 2026 aligns with the broader uptrend, but the current pullback suggests a period of consolidation or retracement before any potential trend continuation. The market is experiencing a classic swing trader environment: a strong rally, a sharp pullback, and now a test of support levels within a larger bullish structure.