SPY SPDR S&P 500 Daily Chart Analysis: 2026-Feb-06 07:20 CT

Price Action

• Last: 677.62,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

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

MSFG Month Feb

• 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 673.13,
• 4. Pvt. Next: Pvt high 696.93,
• 5. Levels R: 697.81, 696.93, 688.47,
• 6. Levels S: 676.57, 671.20, 650.85, 643.50.

Daily Benchmarks

• (Short-Term) 5 Day: 688.11 Down Trend,
• (Short-Term) 10 Day: 684.14 Down Trend,
• (Intermediate-Term) 20 Day: 690.92 Down Trend,
• (Intermediate-Term) 55 Day: 683.43 Down Trend,
• (Long-Term) 100 Day: 663.42 Up Trend,
• (Long-Term) 200 Day: 643.50 Up Trend.

Additional Metrics

• ATR: 564,
• VOLMA: 47470907.

Overall Rating

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

Key Insights Summary

The SPY daily chart is showing a pronounced short-term and intermediate-term downtrend, with large, fast-moving bars indicating heightened volatility and strong momentum to the downside. The most recent swing pivot has shifted to a new low, and all short- and intermediate-term moving averages are trending down, confirming the bearish momentum. Resistance is stacked above at 697.81, 696.93, and 688.47, while support is being tested at 676.57 and 671.20, with a deeper level at 650.85. The long-term trend remains neutral to slightly bullish, as the 100-day and 200-day moving averages are still in uptrends, but the price is approaching these longer-term support zones. Volume is elevated, and ATR is high, reflecting increased participation and volatility, typical of a corrective or liquidation phase. The market is in a corrective swing, with potential for further downside unless a strong reversal develops at key support. No clear breakout or reversal pattern is present yet, and the environment is choppy with risk of further swings as the market seeks a new equilibrium.