SPY SPDR S&P 500 Weekly Chart Analysis: 2026-Mar-23 07:10 CT

Price Action

Last: 644.57,
Bars: Medium,
Mom: Momentum slow.

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: UTrend,
3. Pvt. Evolve: Pvt low 644.57,
4. Pvt. Next: Pvt high 697.84,
5. Levels R: 697.84, 681.91, 673.42,
6. Levels S: 603.43, 515.20, 409.21, 348.11.

Weekly Benchmarks

(Intermediate-Term) 5 Week: 673.42 Down Trend,
(Intermediate-Term) 10 Week: 644.22 Down Trend,
(Long-Term) 20 Week: 681.91 Down Trend,
(Long-Term) 55 Week: 603.43 Up Trend,
(Long-Term) 100 Week: 515.20 Up Trend,
(Long-Term) 200 Week: 409.21 Up Trend.

Overall Rating

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

Key Insights Summary

The SPY weekly chart shows a recent pullback from the highs, with price currently at 644.57 after a swing low was established. Short-term momentum is slow, and the prevailing swing pivot trend has shifted to the downside, indicating a corrective phase. Both the 5-week and 10-week moving averages are trending down, confirming short-term weakness. However, the intermediate-term HiLo trend remains up, and long-term moving averages (55, 100, 200 week) are still in uptrends, reflecting underlying bullish structure. Resistance is clustered near recent highs (697.84, 681.91), while support is well-defined at 603.43 and lower. The market is consolidating within the yearly NTZ, with no clear directional bias from the session fib grids. This environment suggests a transition phase, with futures swing traders likely monitoring for either a continuation of the corrective move or a resumption of the broader uptrend, depending on how price reacts to key support and resistance levels.