SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-Jan-21 07:18 CT

Price Action

• Last: 8743,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

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

MSFG Month Jan

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

YSFG Year 2026

• 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 8703,
• 4. Pvt. Next: Pvt High 8887,
• 5. Levels R: 9128, 8887, 8635, 8593, 8294,
• 6. Levels S: 8524, 8391.

Daily Benchmarks

• (Short-Term) 5 Day: 8777 Down Trend,
• (Short-Term) 10 Day: 8743 Down Trend,
• (Intermediate-Term) 20 Day: 8783 Up Trend,
• (Intermediate-Term) 55 Day: 8724 Up Trend,
• (Long-Term) 100 Day: 8736 Up Trend,
• (Long-Term) 200 Day: 8622 Up Trend.

Additional Metrics

• ATR: 96,
• VOLMA: 34,597.

Overall Rating

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

Key Insights Summary

The SPI 200 is currently experiencing a short-term pullback, as indicated by the DTrend in the swing pivots and both the 5-day and 10-day moving averages trending down. However, the intermediate and long-term outlooks remain constructive, with all longer benchmarks (20, 55, 100, and 200-day MAs) in uptrends and the HiLo Trend showing UTrend. Price is consolidating near the 20-day and 100-day moving averages, with volatility (ATR) at moderate levels and volume slightly above average. The market recently tested resistance at 8887 and is now retracing toward support at 8703 and 8524. This setup suggests a corrective phase within a broader uptrend, with the potential for further consolidation or a bounce from key support levels. No clear breakout or breakdown is evident, and the overall structure reflects a market in transition, digesting recent gains after a strong rally from December lows.