SPY SPDR S&P 500 Daily Chart Analysis: 2026-Feb-23 07:12 CT

Price Action

• Last: 689.43,
• 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 High 697.14,
• 4. Pvt. Next: Pvt Low 684.82,
• 5. Levels R: 697.84, 697.14,
• 6. Levels S: 684.82, 671.20, 650.85.

Daily Benchmarks

• (Short-Term) 5 Day: 683.33 Down Trend,
• (Short-Term) 10 Day: 684.46 Down Trend,
• (Intermediate-Term) 20 Day: 689.92 Down Trend,
• (Intermediate-Term) 55 Day: 679.92 Up Trend,
• (Long-Term) 100 Day: 670.94 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 transitionary phase with short- and intermediate-term momentum shifting to the downside, as indicated by the DTrend in both the swing pivot and HiLo trend metrics. Price has recently set a swing high at 697.14 and is now approaching the next swing low at 684.82, with resistance clustered at the recent highs (697.84, 697.14) and support at 684.82, 671.20, and 650.85. The 5, 10, and 20-day moving averages are all trending down, confirming short-term weakness, while the 55, 100, and 200-day moving averages remain in uptrends, supporting a longer-term bullish structure. Volatility (ATR) is elevated, and volume remains robust, suggesting active participation during this corrective phase. The market is consolidating within the monthly and weekly fib grids, with no clear directional bias from the session grids, indicating a neutral stance in the broader context. Overall, the chart suggests a corrective pullback within a longer-term uptrend, with the potential for further downside in the short term before a possible resumption of the primary bullish trend.