SPY SPDR S&P 500 Daily Chart Analysis: 2026-Apr-02 07:08 CT

Price Action

• Last: 655.24,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month Apr

• 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 629.28,
• 4. Pvt. Next: Pvt high 662.62,
• 5. Levels R: 697.14, 693.68, 687.09, 683.39, 662.62,
• 6. Levels S: 629.28.

Daily Benchmarks

• (Short-Term) 5 Day: 638.68 Down Trend,
• (Short-Term) 10 Day: 647.08 Down Trend,
• (Intermediate-Term) 20 Day: 671.68 Down Trend,
• (Intermediate-Term) 55 Day: 679.3 Down Trend,
• (Long-Term) 100 Day: 693.9 Down Trend,
• (Long-Term) 200 Day: 662.02 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 shows a recent sharp selloff with large, fast momentum bars, indicating heightened volatility and strong directional conviction. All benchmark moving averages (from 5-day to 200-day) are trending down, confirming persistent downside pressure. Swing pivot analysis highlights a dominant downtrend, with the most recent pivot low at 629.28 and the next resistance pivot high at 662.62, suggesting that any rallies may encounter significant overhead resistance. The ATR is elevated, reflecting increased volatility, while volume remains robust, supporting the strength of recent moves. The market is currently in a recovery bounce from the recent lows, but the overall structure remains in a corrective or bearish phase, with lower highs and lower lows dominating the chart. No clear signs of reversal or consolidation are present, and the technical landscape favors continued caution for swing traders monitoring for potential trend continuation or failed bounce scenarios.