SPY SPDR S&P 500 Daily Chart Analysis: 2026-Feb-08 18:19 CT

Price Action

• Last: 677.62,
• Bars: Medium,
• Mom: Momentum slow.

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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt high 690.62,
• 4. Pvt. Next: Pvt low 683.99,
• 5. Levels R: 697.84, 696.93, 690.62,
• 6. Levels S: 675.79, 671.20, 650.85.

Daily Benchmarks

• (Short-Term) 5 Day: 683.14 Down Trend,
• (Short-Term) 10 Day: 688.41 Down Trend,
• (Intermediate-Term) 20 Day: 690.23 Down Trend,
• (Intermediate-Term) 55 Day: 684.92 Up Trend,
• (Long-Term) 100 Day: 668.83 Up Trend,
• (Long-Term) 200 Day: 644.32 Up Trend.

Additional Metrics

• ATR: 564,
• VOLMA: 47470907.

Overall Rating

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

Key Insights Summary

The SPY daily chart currently reflects a market in transition. Price has recently pulled back from swing highs, with the last close at 677.62, below several key short-term and intermediate-term moving averages, all of which are trending down. The short-term swing pivot trend is up, but the intermediate-term HiLo trend remains down, indicating a possible countertrend bounce within a broader corrective phase. Resistance is clustered near recent highs (697.84, 696.93, 690.62), while support is found at 675.79 and lower at 671.20 and 650.85, suggesting a range-bound environment with downside risk if support levels break. Volatility, as measured by ATR, is elevated, and volume remains robust, hinting at active participation and potential for further swings. The long-term trend remains bullish, supported by rising 100- and 200-day moving averages, but the short-term and intermediate-term outlooks are pressured by recent weakness. The market appears to be consolidating after a strong rally, with the potential for further choppy action as it tests support and resistance zones. Swing traders should be attentive to potential reversals at key levels and watch for confirmation of trend continuation or breakdown.