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

Price Action

• Last: 672.38,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Mar

• 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 669.66,
• 4. Pvt. Next: Pvt high 685.14,
• 5. Levels R: 697.84, 697.14, 693.68, 693.09, 685.14,
• 6. Levels S: 669.66, 650.85, 634.95, 632.92.

Daily Benchmarks

• (Short-Term) 5 Day: 683.31 Down Trend,
• (Short-Term) 10 Day: 688.88 Down Trend,
• (Intermediate-Term) 20 Day: 687.44 Down Trend,
• (Intermediate-Term) 55 Day: 681.18 Down Trend,
• (Long-Term) 100 Day: 691.99 Down Trend,
• (Long-Term) 200 Day: 656.05 Up Trend.

Additional Metrics

• ATR: 564,
• VOLMA: 47,470,907.

Overall Rating

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

Key Insights Summary

The SPY daily chart reveals a pronounced shift to the downside, with large, fast-moving bars indicating heightened volatility and strong momentum lower. Both short-term and intermediate-term swing pivot trends are in a clear downtrend, with the most recent pivot low at 669.66 and the next potential reversal at 685.14. Resistance levels are stacked above, with significant clusters near 693–697, while support is found at 669.66 and lower at 650.85. All key moving averages except the 200-day are trending down, confirming broad-based weakness across timeframes, though the 200-day remains in an uptrend, suggesting the longer-term structure is not yet broken. The ATR is elevated, and volume is robust, reflecting active participation and potential for continued volatility. The overall environment is characterized by a strong bearish bias in the short and intermediate term, with the long-term trend still neutral as price remains above the 200-day average. This setup is typical of a market in correction or transition, with potential for further downside or a volatile base-building phase ahead.