SPY SPDR S&P 500 Daily Chart Analysis: 2025-Nov-21 07:20 CT

Price Action

• Last: 652.53,
• Bars: Large,
• Mom: Momentum fast.

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 2025

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

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt High 675.58,
• 4. Pvt. Next: Pvt Low 652.53,
• 5. Levels R: 689.70, 684.96, 675.58,
• 6. Levels S: 634.92, 632.95, 619.20, 618.09, 591.89.

Daily Benchmarks

• (Short-Term) 5 Day: 675.00 Down Trend,
• (Short-Term) 10 Day: 675.00 Down Trend,
• (Intermediate-Term) 20 Day: 675.41 Down Trend,
• (Intermediate-Term) 55 Day: 664.88 Down Trend,
• (Long-Term) 100 Day: 686.00 Down Trend,
• (Long-Term) 200 Day: 686.00 Down Trend.

Additional Metrics

• ATR: 564,
• VOLMA: 47470907.

Overall Rating

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

Key Insights Summary

The SPY daily chart shows a pronounced shift in momentum with a large, fast-moving bar to the downside, breaking below recent swing support and confirming a short-term downtrend. The swing pivot structure has transitioned to a DTrend, with the next key pivot low aligning with the current price, suggesting a test of support. Multiple resistance levels overhead (689.70, 684.96, 675.58) remain unchallenged, while support levels are spaced below, indicating room for further downside movement if selling persists. All benchmark moving averages across short, intermediate, and long-term timeframes are trending down, reinforcing the bearish bias. Volatility is elevated (high ATR), and volume is surging, signaling strong participation in the recent move. The intermediate-term trend is neutral, reflecting a pause or potential for consolidation after the recent selloff, while the long-term structure has turned bearish. The overall environment is characterized by increased volatility, a decisive break from prior consolidation, and a potential for further downside or choppy price action as the market seeks new support.