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

Price Action

• Last: 648.57,
• 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 648.57,
• 4. Pvt. Next: Pvt high 680.17,
• 5. Levels R: 697.84, 697.14, 693.68, 693.09, 680.17,
• 6. Levels S: 650.85.

Daily Benchmarks

• (Short-Term) 5 Day: 654.67 Down Trend,
• (Short-Term) 10 Day: 663.34 Down Trend,
• (Intermediate-Term) 20 Day: 677.72 Down Trend,
• (Intermediate-Term) 55 Day: 683.39 Down Trend,
• (Long-Term) 100 Day: 682.12 Down Trend,
• (Long-Term) 200 Day: 660.10 Down Trend.

Additional Metrics

• ATR: 564,
• VOLMA: 47470907.

Overall Rating

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

Key Insights Summary

The SPY daily chart is showing pronounced downside momentum, with large bearish candles and fast momentum confirming strong selling pressure. All benchmark moving averages across short, intermediate, and long-term timeframes are trending down, reinforcing a broad-based bearish environment. The swing pivot structure is in a clear downtrend, with the most recent pivot low established at 648.57 and the next potential reversal only above 680.17. Resistance levels are stacked above current price, while support is thin, with the nearest swing support at 650.85 just below the last close. Volatility is elevated (ATR high), and volume is surging, indicating heightened activity and possible liquidation. The market is in a decisive trend phase rather than consolidation, with no immediate signs of reversal or stabilization. This environment is characterized by persistent lower highs and lower lows, typical of a strong trend move rather than a choppy or range-bound market. For swing traders, the technicals suggest the market is in a mature sell-off phase, with any countertrend bounces likely to encounter significant resistance overhead.