SPY SPDR S&P 500 Weekly Chart Analysis: 2025-Nov-23 18:18 CT

Price Action

Last: 660.11,
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: UTrend,
3. Pvt. Evolve: Pvt low 651.27,
4. Pvt. Next: Pvt high 689.70,
5. Levels R: 689.70, 680.05, 669.15, 660.70,
6. Levels S: 651.27, 600.05, 580.03, 572.09.

Weekly Benchmarks

(Intermediate-Term) 5 Week: 660.11 Down Trend,
(Intermediate-Term) 10 Week: 651.27 Down Trend,
(Long-Term) 20 Week: 651.27 Up Trend,
(Long-Term) 55 Week: 572.09 Up Trend,
(Long-Term) 100 Week: 494.03 Up Trend,
(Long-Term) 200 Week: 348.11 Up Trend.

Overall Rating

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

Key Insights Summary

The SPY weekly chart shows a notable shift in short-term momentum, with a recent large, fast-moving bar to the downside, confirming a short-term downtrend (DTrend) in the swing pivots. However, the intermediate and long-term trends remain bullish, as indicated by the upward trajectory of the 20, 55, 100, and 200-week moving averages and the UTrend in the HiLo swing pivot metric. Price is currently testing support at 651.27, with the next resistance at 689.70, suggesting a potential for further volatility as the market digests recent highs. The neutral bias across the session fib grids (WSFG, MSFG, YSFG) points to a consolidation phase, possibly after an extended rally. For futures swing traders, this environment reflects a classic pullback within a broader uptrend, with the potential for either a deeper retracement or a resumption of the bullish trend if support holds. The market is in a transition zone, with short-term weakness but underlying strength in the higher timeframes.