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

Price Action

Last: 680.24,
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: UTrend,
3. Pvt. Evolve: Pvt low 644.37,
4. Pvt. Next: Pvt high 697.84,
5. Levels R: 697.84, 680.24,
6. Levels S: 644.37, 601.01, 573.48, 516.49.

Weekly Benchmarks

(Intermediate-Term) 5 Week: 665.35 Down Trend,
(Intermediate-Term) 10 Week: 644.37 Down Trend,
(Long-Term) 20 Week: 680.24 Up Trend,
(Long-Term) 55 Week: 601.01 Up Trend,
(Long-Term) 100 Week: 573.48 Up Trend,
(Long-Term) 200 Week: 516.49 Up Trend.

Overall Rating

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

Key Insights Summary

The SPY weekly chart shows a notable shift in short-term momentum, with a fast and pronounced move down from recent highs, as indicated by large bars and a clear DTrend in the short-term swing pivots. Price is currently testing the 20-week moving average, which remains in an uptrend, while the 5- and 10-week benchmarks have turned down, confirming short-term weakness. Despite this, the intermediate and long-term trends remain bullish, supported by higher swing lows and all major long-term moving averages trending upward. Key support levels to watch are 644.37 and 601.01, with resistance at 680.24 and 697.84. The market is in a corrective phase within a broader uptrend, suggesting a period of consolidation or pullback after an extended rally. Futures swing traders will note the potential for volatility and two-way price action as the market digests recent gains and tests support zones, with the overall structure still favoring the longer-term bullish trend unless key supports are broken.