SPY SPDR S&P 500 Daily Chart Analysis: 2026-Mar-24 07:09 CT

Price Action

• Last: 655.38,
• 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 644.72,
• 4. Pvt. Next: Pvt high 660.62,
• 5. Levels R: 697.84, 697.14, 693.68, 690.09, 681.84,
• 6. Levels S: 675.67, 644.72.

Daily Benchmarks

• (Short-Term) 5 Day: 661.92 Down Trend,
• (Short-Term) 10 Day: 670.44 Down Trend,
• (Intermediate-Term) 20 Day: 683.38 Down Trend,
• (Intermediate-Term) 55 Day: 681.84 Down Trend,
• (Long-Term) 100 Day: 660.36 Down Trend,
• (Long-Term) 200 Day: 655.38 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 reveals a pronounced bearish environment across all timeframes. Price action has been marked by large, fast-moving bars, indicating heightened volatility and strong downside momentum. All benchmark moving averages (from short to long-term) are trending down, confirming persistent selling pressure. The swing pivot structure shows a dominant downtrend, with the most recent pivot low at 644.72 and the next potential reversal only above 660.62, while resistance levels remain well above current price. Both the weekly and monthly session fib grids are neutral, suggesting no immediate support from higher timeframe session structures. Volume has spiked, and ATR is elevated, reflecting increased activity and volatility, often seen during capitulation or panic-driven moves. The overall technical landscape points to a market in a corrective or potentially trend-reversal phase, with no clear signs of stabilization or reversal yet visible on the chart.