SPY SPDR S&P 500 Daily Chart Analysis: 2026-Jan-23 07:16 CT

Price Action

Last: 688.98,
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: UTrend,
(Intermediate-Term) 2. HiLo Trend: DTrend,
3. Pvt. Evolve: Pvt high 695.45,
4. Pvt. Next: Pvt low 680.89,
5. Levels R: 695.45, 690.06, 688.98,
6. Levels S: 680.89, 676.57, 671.20, 650.85, 634.92.

Daily Benchmarks

(Short-Term) 5 Day: 687.45 Up Trend,
(Short-Term) 10 Day: 680.80 Up Trend,
(Intermediate-Term) 20 Day: 684.15 Up Trend,
(Intermediate-Term) 55 Day: 673.06 Up Trend,
(Long-Term) 100 Day: 635.12 Up Trend,
(Long-Term) 200 Day: 635.12 Up Trend.

Additional Metrics

ATR: 564,
VOLMA: 47,470,907.

Overall Rating

Short-Term: Bullish,
Intermediate-Term: Neutral,
Long-Term: Bullish.

Key Insights Summary

The SPY daily chart shows a market in a medium volatility environment with average momentum and a recent push to new swing highs. The short-term trend remains bullish, supported by all key moving averages trending upward and price holding above major benchmarks. However, the intermediate-term swing pivot trend has shifted to a downtrend, suggesting some caution as the market may be entering a consolidation or pullback phase after a strong rally. Resistance is clustered near recent highs (695.45, 690.06), while support is layered below (680.89, 676.57, 671.20), indicating a well-defined range. Volume remains robust, and ATR suggests continued active trading conditions. The overall structure points to a market that is still in a primary uptrend but may be pausing or digesting gains, with potential for both further upside continuation or a deeper retracement depending on how price reacts to the current support and resistance levels.