SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-Mar-23 07:10 CT

Price Action

• Last: 8814,
• 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 8306,
• 4. Pvt. Next: Pvt High 8850,
• 5. Levels R: 8850, 8814, 8306,
• 6. Levels S: 7718, 7113.

Daily Benchmarks

• (Short-Term) 5 Day: 8569 Down Trend,
• (Short-Term) 10 Day: 8586 Down Trend,
• (Intermediate-Term) 20 Day: 8830 Down Trend,
• (Intermediate-Term) 55 Day: 8842 Down Trend,
• (Long-Term) 100 Day: 8945 Down Trend,
• (Long-Term) 200 Day: 8841 Down Trend.

Additional Metrics

• ATR: 96,
• VOLMA: 39979.

Overall Rating

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

Key Insights Summary

The SPI 200 futures daily chart reveals a pronounced bearish environment across all timeframes. Price action has been volatile, with large bars and fast momentum indicating heightened activity and strong directional moves. The most recent swing structure shows a dominant downtrend, with both short-term and intermediate-term pivot trends pointing lower. The last significant pivot low at 8306 and resistance at 8850 frame the current range, with price rebounding sharply from recent lows but still below key resistance levels. All benchmark moving averages (from 5-day to 200-day) are trending down, reinforcing the prevailing bearish sentiment. The ATR is elevated, reflecting increased volatility, while volume has spiked, suggesting strong participation during the recent selloff and subsequent bounce. The market appears to be in a corrective phase after a steep decline, with potential for further choppy or volatile price action as it tests resistance zones. No clear reversal signals are present, and the overall technical structure remains negative.