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

Price Action

• Last: 3646.3,
• Bars: Large,
• Mom: fast.

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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt High 3718.3,
• 4. Pvt. Next: Pvt Low 3416.5,
• 5. Levels R: 3718.3,
• 6. Levels S: 3277.0, 3154.9, 2572.8, 2546.0, 2095.6.

Weekly Benchmarks

• (Short-Term) 5 Day: 3583.9 Up Trend,
• (Short-Term) 10 Day: 3496.1 Up Trend,
• (Intermediate-Term) 20 Day: 3502.1 Up Trend,
• (Intermediate-Term) 55 Day: 3379.1 Up Trend,
• (Long-Term) 100 Day: 3286.3 Up Trend,
• (Long-Term) 200 Day: 3092.9 Up Trend.

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 weekly structure is trading near the upper end of a powerful multi-year advance, with 2026 YSFG still positive and all benchmark moving averages aligned in rising order beneath price. At the same time, the weekly and monthly session fib grids are both below F0%, and recent short signals across TR120, MSFG, and WSFG show near-term downside pressure. Swing pivot structure remains in an established UTrend with the latest high at 3718.3 and the next lower pivot objective marked at 3416.5, while the broader chart still reflects a strong long-term uptrend that has recently entered a choppy, extended, and reaction-prone zone after a sharp rally.