SPY SPDR S&P 500 Daily Chart Analysis: 2026-Apr-05 18:05 CT

Price Action

• Last: 655.83,
• 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: 693.68, 687.09, 683.39, 662.62,
• 6. Levels S: 629.28.

Daily Benchmarks

• (Short-Term) 5 Day: 645.36 Down Trend,
• (Short-Term) 10 Day: 649.09 Down Trend,
• (Intermediate-Term) 20 Day: 671.09 Down Trend,
• (Intermediate-Term) 55 Day: 679.08 Down Trend,
• (Long-Term) 100 Day: 679.98 Down Trend,
• (Long-Term) 200 Day: 662.31 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 reflects a pronounced bearish environment across all timeframes. Price action has been volatile, with large bars and fast momentum, indicating heightened activity and strong directional moves. All benchmark moving averages (from short to long-term) are trending down, confirming persistent downside pressure. Swing pivot analysis shows the current trend remains down, with the most recent pivot low at 629.28 and the next potential reversal at the pivot high of 662.62. Resistance levels are stacked above, while support is isolated at the recent swing low, suggesting limited downside structure until new lows are tested. The ATR is elevated, and volume remains robust, reinforcing the theme of increased volatility. The market appears to be in a corrective or liquidation phase, with no clear signs of reversal yet. This environment is characterized by sharp sell-offs, occasional relief rallies, and a lack of sustained bullish momentum, typical of a market in a corrective or bear phase.