SPY SPDR S&P 500 Daily Chart Analysis: 2026-Mar-23 07:10 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, 687.14, 683.39,
• 6. Levels S: 650.85, 619.05.

Daily Benchmarks

• (Short-Term) 5 Day: 654.67 Down Trend,
• (Short-Term) 10 Day: 662.14 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: 163M.

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 the prevailing bearish sentiment. The swing pivot structure is in a clear downtrend, with the most recent pivot low at 648.57 and the next potential reversal only at 680.17, indicating significant room before any meaningful upside reversal. Resistance levels are stacked above current price, while support is relatively distant, suggesting the path of least resistance remains to the downside. ATR and volume are elevated, reflecting heightened volatility and participation, typical of a strong trend or capitulation phase. The neutral bias on the session fib grids suggests no immediate support from higher timeframe grid levels, leaving price action vulnerable to further swings. Overall, the technical landscape is dominated by bearish momentum, with no immediate signs of reversal or stabilization.