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

Price Action

WSFG Weekly

MSFG Month Mar

YSFG Year 2026

Swing Pivots

Weekly Benchmarks

Overall Rating

Key Insights Summary

The SPY weekly chart shows a market in consolidation after a strong multi-month uptrend, with price currently near recent highs but pausing below resistance at 697.84. Short-term momentum has slowed, and the most recent swing pivot is a low at 671.46, with the next key resistance at 697.84. The short-term trend has shifted to a downtrend, but intermediate and long-term trends remain firmly up, supported by all major moving averages trending higher except the 5-week, which is in a short-term pullback. Support levels are well-defined below, with the nearest at 671.46 and stronger support at 642.48 and 600.42. The neutral bias across all session fib grids (weekly, monthly, yearly) suggests a period of digestion or sideways action, typical after extended rallies. Futures swing traders will note the market is in a corrective phase within a broader bullish structure, with volatility likely to persist as price tests support and resistance zones. No clear breakout or breakdown is evident, and the market is likely to remain choppy until a decisive move above resistance or below support occurs.


Chart Analysis ATS AI Generated: 2026-03-08 18:08 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.