SPY SPDR S&P 500 Daily Chart Analysis: 2026-Feb-20 07:18 CT

Price Action

• Last: 684.48,
• Bars: Medium,
• Mom: Momentum average.

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 679.06,
• 4. Pvt. Next: Pvt high 697.14,
• 5. Levels R: 697.84, 697.14, 693.32,
• 6. Levels S: 679.06, 671.20, 650.85.

Daily Benchmarks

• (Short-Term) 5 Day: 687.84 Down Trend,
• (Short-Term) 10 Day: 684.44 Down Trend,
• (Intermediate-Term) 20 Day: 689.14 Down Trend,
• (Intermediate-Term) 55 Day: 679.06 Up Trend,
• (Long-Term) 100 Day: 649.94 Up Trend,
• (Long-Term) 200 Day: 632.95 Up Trend.

Additional Metrics

• ATR: 564,
• VOLMA: 47470907.

Overall Rating

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

Key Insights Summary

The SPY daily chart currently reflects a market in transition, with short- and intermediate-term momentum shifting to the downside as indicated by the DTrend in both the short-term pivot and HiLo trends. Price has recently set a new swing low at 679.06, with resistance levels overhead at 697.84 and 697.14, suggesting a recent rejection from highs and a move lower. The 5, 10, and 20-day moving averages are all trending down, reinforcing the short-term bearish bias, while the 55, 100, and 200-day moving averages remain in uptrends, highlighting the underlying long-term bullish structure. Volatility, as measured by ATR, is moderate, and volume remains robust. The market appears to be in a corrective phase within a larger uptrend, with price consolidating below recent highs and testing support levels. This environment is typical of a pullback or retracement within a broader bullish cycle, with the potential for further downside in the near term before a possible resumption of the primary uptrend if key support holds.