EMD E-mini S&P MidCap 400 Futures Daily Chart Analysis: 2026-Jan-21 07:07 CT

Price Action

• Last: 3439.0,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: -28%
• 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 3431.7,
• 4. Pvt. Next: Pvt High 3541.1,
• 5. Levels R: 3547.9, 3541.1, 3484.9,
• 6. Levels S: 3431.7, 3324.3.

Daily Benchmarks

• (Short-Term) 5 Day: 3502.1 Down Trend,
• (Short-Term) 10 Day: 3482.1 Down Trend,
• (Intermediate-Term) 20 Day: 3439.0 Up Trend,
• (Intermediate-Term) 55 Day: 3374.9 Up Trend,
• (Long-Term) 100 Day: 3331.1 Up Trend,
• (Long-Term) 200 Day: 3210.5 Up Trend.

Additional Metrics

• ATR: 445,
• VOLMA: 13383.

Overall Rating

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

Key Insights Summary

The EMD futures have recently experienced a sharp pullback from new highs, as indicated by large, fast-momentum bars and a short-term downtrend in both swing pivots and the weekly session fib grid. Price is currently below the weekly NTZ, confirming short-term weakness, while the 5- and 10-day moving averages have turned down. However, the intermediate and long-term outlooks remain constructive: the monthly and yearly fib grids show price above their NTZs, and all longer-term moving averages (20, 55, 100, 200-day) are trending up. The intermediate-term swing pivot trend is still up, with the next key resistance at 3547.9 and support at 3431.7 and 3324.3. Volatility is elevated (ATR 445), and volume remains healthy. The market is in a corrective phase within a broader uptrend, with the potential for further consolidation or a test of lower support before any resumption of the upward move.