EMD E-mini S&P MidCap 400 Futures Daily Chart Analysis: 2026-May-05 07:02 CT

Price Action

Last: 3646.3,
Bars: Large,
Mom: Average.

WSFG Weekly

Short-Term
WSFG Current: -6%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month May

Intermediate-Term
MSFG Current: -4%
F0%/NTZ' Bias: Price Below,
MSFG Trend: Down.

YSFG Year 2026

Long-Term
YSFG Current: 37%
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 3646.3,
4. Pvt. Next: Pvt High 3587.4,
5. Levels R: 3718.3,
6. Levels S: 3584.1, 3282.7, 3277.0, 3154.9, 3144.4.

Daily Benchmarks

(Short-Term) 5 Day: 3627.4 Down Trend,
(Short-Term) 10 Day: 3640.4 Up Trend,
(Intermediate-Term) 20 Day: 3536.8 Up Trend,
(Intermediate-Term) 55 Day: 3503.4 Up Trend,
(Long-Term) 100 Day: 3404.2 Up Trend,
(Long-Term) 200 Day: 3404.2 Up Trend.

Additional Metrics

ATR: 552,
VOLMA: 13354.46.

Recent Trade Signals

04 May 2026: Short EMD 06-26 @ 3626.3 Signals.USAR.TR120
04 May 2026: Short EMD 06-26 @ 3624.9 Signals.USAR-MSFG
29 Apr 2026: Short EMD 06-26 @ 3618.6 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

The daily structure shows a strong longer-term uptrend still intact above the major 100/200-day benchmark zone, but the near-term tape has rolled over into a corrective phase with price back under both the weekly and monthly session fib grids. The pivot model is in DTrend on the short-term while the higher-level hi/lo structure remains constructive, creating a mixed trend stack that favors countertrend pressure inside a broader bullish yearly cycle. Recent short signals align with rejection from higher resistance and a fast downside swing from the early-May peak, followed by a rebound toward the mid-3600s. The pattern is consistent with a volatile swing environment: strong rally leg, sharp retracement, and a current test of overhead supply near the pivot and benchmark cluster.