SPY SPDR S&P 500 Daily Chart Analysis: 2026-Feb-22 18:07 CT

Price Action

• Last: 689.43,
• Bars: Medium,
• Mom: 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 High 693.32,
• 4. Pvt. Next: Pvt Low 684.07,
• 5. Levels R: 697.84, 697.14, 693.32,
• 6. Levels S: 671.20, 650.85.

Daily Benchmarks

• (Short-Term) 5 Day: 683.33 Down Trend,
• (Short-Term) 10 Day: 684.64 Down Trend,
• (Intermediate-Term) 20 Day: 689.43 Down Trend,
• (Intermediate-Term) 55 Day: 684.82 Down Trend,
• (Long-Term) 100 Day: 679.92 Up Trend,
• (Long-Term) 200 Day: 650.52 Up Trend.

Additional Metrics

• ATR: 564,
• VOLMA: 47,470,907.

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. Price has recently broken below key swing pivot highs, and both the 5, 10, 20, and 55-day moving averages are trending down, confirming a short-term and intermediate-term bearish environment. Multiple resistance levels overhead (697.84, 697.14, 693.32) suggest supply is present, while support is found at 671.20 and 650.85. Despite this, the 100- and 200-day moving averages remain in uptrends, indicating the longer-term structure is still bullish. Volatility (ATR) is elevated, and volume remains robust, hinting at active participation during this corrective phase. The market appears to be in a corrective pullback within a broader uptrend, with price consolidating near the lower end of the recent range. Futures swing traders may interpret this as a period of mean reversion or consolidation, with the potential for further downside tests before any resumption of the primary uptrend. The overall environment is choppy, with a bias toward short-term weakness but longer-term resilience.