SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-Jan-23 07:15 CT

Price Action

• Last: 8817,
• 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 8609,
• 4. Pvt. Next: Pvt High 8887,
• 5. Levels R: 9128, 8887, 8835, 8824,
• 6. Levels S: 8752, 8635.

Daily Benchmarks

• (Short-Term) 5 Day: 8803 Down Trend,
• (Short-Term) 10 Day: 8823 Down Trend,
• (Intermediate-Term) 20 Day: 8775 Up Trend,
• (Intermediate-Term) 55 Day: 8730 Up Trend,
• (Long-Term) 100 Day: 8723 Up Trend,
• (Long-Term) 200 Day: 8633 Up Trend.

Additional Metrics

• ATR: 96,
• VOLMA: 34852.

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 bullish, with all longer-term moving averages (20, 55, 100, and 200 day) in uptrends and the HiLo Trend showing an UTrend. Price is consolidating above key support at 8752 and 8635, with resistance levels at 8887 and 9128. The average momentum and medium-sized bars suggest a controlled retracement rather than a sharp sell-off. Volatility (ATR) and volume (VOLMA) are moderate, indicating no extreme market stress. The market is in a neutral zone on the session fib grids, reflecting indecision and a potential for range-bound action or a base-building phase before the next directional move. Swing traders should note the potential for a reversal if price holds above support and pivots back up, but the short-term trend remains under pressure until a new swing high is established.