SPY SPDR S&P 500 Daily Chart Analysis: 2026-Jan-22 07:18 CT

Price Action

• Last: 680.77,
• Bars: Medium,
• Mom: Momentum slow.

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: DTrend,
• 3. Pvt. Evolve: Pvt low 685.41,
• 4. Pvt. Next: Pvt low 678.08,
• 5. Levels R: 696.45, 690.00, 685.41,
• 6. Levels S: 678.08, 671.20, 650.86, 634.38.

Daily Benchmarks

• (Short-Term) 5 Day: 686.12 Down Trend,
• (Short-Term) 10 Day: 688.71 Down Trend,
• (Intermediate-Term) 20 Day: 685.45 Down Trend,
• (Intermediate-Term) 55 Day: 672.98 Up Trend,
• (Long-Term) 100 Day: 634.38 Up Trend,
• (Long-Term) 200 Day: 634.38 Up Trend.

Additional Metrics

• ATR: 564,
• VOLMA: 47,470,907.

Overall Rating

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

Key Insights Summary

The SPY daily chart currently reflects a short-term and intermediate-term bearish environment, with both swing pivot trends and short-term moving averages pointing down. Price has recently broken below key short-term support levels, and the momentum is slow, indicating a lack of aggressive selling but also no immediate signs of reversal. The intermediate-term 20-day moving average has turned down, confirming the recent pivot low and suggesting continued pressure. However, the long-term trend remains bullish, as the 55, 100, and 200-day moving averages are still in uptrends, and price remains well above these levels. Volatility, as measured by ATR, is elevated, and volume is above average, hinting at increased participation during this corrective phase. Futures swing traders may note the market is in a corrective pullback within a larger uptrend, with the next key support at 678.08 and resistance at 685.41 and 690.00. The environment is choppy, with potential for further downside in the short term, but the broader bullish structure remains intact unless long-term support levels are breached.