SPY SPDR S&P 500 Daily Chart Analysis: 2026-Mar-16 07:10 CT

Price Action

• Last: 662.29,
• 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 662.29,
• 4. Pvt. Next: Pvt high 697.09,
• 5. Levels R: 697.84, 697.14, 693.68, 693.09, 687.09,
• 6. Levels S: 662.39, 650.85.

Daily Benchmarks

• (Short-Term) 5 Day: 674.04 Down Trend,
• (Short-Term) 10 Day: 683.38 Down Trend,
• (Intermediate-Term) 20 Day: 683.93 Down Trend,
• (Intermediate-Term) 55 Day: 683.25 Down Trend,
• (Long-Term) 100 Day: 663.04 Down Trend,
• (Long-Term) 200 Day: 658.24 Up Trend.

Additional Metrics

• ATR:564,
• VOLMA:47470907.

Overall Rating

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

Key Insights Summary

The SPY daily chart reveals a pronounced bearish momentum, with large, fast-moving bars driving price sharply lower to 662.29. Both short-term and intermediate-term swing pivot trends are in clear downtrends, with the most recent pivot low aligning with current price and the next potential reversal only at a much higher level (697.09). All key moving averages except the 200-day are trending down, reinforcing the prevailing downside pressure. The 200-day MA remains slightly upward, suggesting that the longer-term structure is not yet fully broken, but the proximity of price to this level signals a critical test. Volatility is elevated (ATR: 564), and volume remains robust, indicating strong participation in the recent selloff. Resistance levels are clustered well above current price, while support is thin and close, highlighting the risk of further downside or a potential oversold bounce. The overall environment is characterized by aggressive selling, possible capitulation, and a lack of immediate bullish catalysts, with the market in a vulnerable state for either continued breakdown or a sharp mean-reversion rally if buyers step in at key support.