SPY SPDR S&P 500 Weekly Chart Analysis: 2025-Nov-24 07:19 CT

Price Action

• Last: 651.27,
• 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,
• 6. Levels S: 651.27, 572.09, 494.03, 409.21, 348.11.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 693.03 Down Trend,
• (Intermediate-Term) 10 Week: 693.03 Down Trend,
• (Long-Term) 20 Week: 651.27 Up Trend,
• (Long-Term) 55 Week: 572.09 Up Trend,
• (Long-Term) 100 Week: 572.09 Up Trend,
• (Long-Term) 200 Week: 494.03 Up Trend.

Overall Rating

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

Key Insights Summary

The SPY weekly chart shows a recent sharp pullback from all-time highs, with the last price at 651.27 and large, fast-moving bars indicating heightened volatility. Short-term momentum has shifted to the downside, as reflected in the current swing pivot downtrend and both the 5- and 10-week moving averages turning lower. However, the intermediate- and long-term trends remain bullish, supported by higher swing lows and all major long-term moving averages trending upward. Key support levels are clustered below at 651.27, 572.09, and 494.03, while resistance is defined by the recent high at 689.70. The market is currently in a corrective phase within a broader uptrend, with price action consolidating above major support zones. This environment suggests a transition from a strong rally to a period of digestion, with the potential for further volatility as the market tests support and resistance levels.