
The SPI 200 Index Futures weekly chart shows a market in transition. Price action has recently slowed, with medium-sized bars and a neutral stance across all session fib grids, indicating a lack of clear directional conviction in the short and intermediate term. The short-term swing pivot trend is down, reflecting recent weakness, while the intermediate-term HiLo trend remains up, suggesting underlying support from prior bullish momentum. Key resistance levels are clustered near recent highs (9138, 8783, 8644), while support is established at 8401 and further below at 7172, 6819, and 6470. Moving averages present a mixed picture: the 5-week MA is trending up, but the 10- and 20-week MAs are in a downtrend, highlighting recent pullback pressure, whereas the longer-term 55-, 100-, and 200-week MAs remain in uptrends, underscoring a still-intact long-term bullish structure. The overall rating reflects short-term bearishness, neutral intermediate-term outlook, and a bullish long-term bias. The market appears to be consolidating after a significant rally, with potential for further choppy or sideways action as it digests recent gains and tests key support and resistance levels.