SPY SPDR S&P 500 Weekly Chart Analysis: 2024-Nov-03 18:09 CT

Price Action

• Last: 571.04,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

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 556.12,
• 4. Pvt. Next: Pvt low 556.02,
• 5. Levels R: 571.04, 557.19, 550.12,
• 6. Levels S: 510.27, 499.86, 409.21.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 557.53 Up Trend,
• (Intermediate-Term) 10 Week: 548.21 Up Trend,
• (Long-Term) 20 Week: 510.18 Up Trend,
• (Long-Term) 55 Week: 519.81 Up Trend,
• (Long-Term) 100 Week: 470.33 Up Trend,
• (Long-Term) 200 Week: 444.47 Up Trend.

Overall Rating

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

Key Insights Summary

The SPY chart shows a strong upward trend across all time frames, with price action above key moving averages and resistance levels. The momentum is average, indicating steady progress. The yearly session fib grid suggests a bullish trend, opening higher than the previous year. Swing pivots confirm an uptrend, with resistance levels being tested. The market appears to be in a continuation phase, with potential for further gains if current support levels hold.