The SPI 200 futures are showing strong short-term momentum with a large bullish bar and fast price action, pushing the last price to 8831. All benchmark moving averages across short, intermediate, and long-term timeframes are in uptrends, reinforcing a bullish structural bias. The swing pivot trend is up in the short term, with the most recent pivot high at 9049 and the next potential pivot low at 8777, suggesting the market is in an upward swing phase but approaching key resistance levels. Intermediate-term swing structure remains in a downtrend, indicating some underlying caution as the market tests higher. Volatility is elevated (ATR 96), and volume is healthy (VOLMA 30857), supporting the recent price expansion. The market is currently neutral relative to the session fib grids, with no clear bias from the monthly or weekly grids, indicating a lack of strong directional conviction from broader session cycles. Overall, the short-term outlook is bullish with strong momentum and trend alignment, while the intermediate-term remains neutral as the market navigates between resistance and support levels. Long-term structure is bullish, supported by all major moving averages trending higher.