SPY SPDR S&P 500 Weekly Chart Analysis: 2026-Apr-06 07:07 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: UTrend,
• 3. Pvt. Evolve: Pvt low 655.83,
• 4. Pvt. Next: Pvt high 697.84,
• 5. Levels R: 697.84,
• 6. Levels S: 595.95, 548.11, 517.58.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 663.86 Down Trend,
• (Intermediate-Term) 10 Week: 660.48 Down Trend,
• (Long-Term) 20 Week: 678.40 Down Trend,
• (Long-Term) 55 Week: 644.01 Up Trend,
• (Long-Term) 100 Week: 606.27 Up Trend,
• (Long-Term) 200 Week: 517.58 Up Trend.

Overall Rating

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

Key Insights Summary

The SPY weekly chart shows a notable shift in short-term momentum, with a fast and pronounced move lower, as evidenced by large bars and a recent swing pivot low at 655.83. The short-term trend has turned down, confirmed by both the 5- and 10-week moving averages rolling over into a downtrend. However, the intermediate-term HiLo trend remains up, suggesting the broader swing structure is still intact, and the price is above key long-term support levels. The 20-week moving average has also turned down, but the 55-, 100-, and 200-week moving averages continue to trend higher, reflecting underlying long-term strength. Resistance is clearly defined at the recent swing high of 697.84, while support levels are layered below at 595.95, 548.11, and 517.58. The price is currently within the yearly NTZ, indicating a neutral bias on the longer timeframe, and the overall structure suggests a corrective phase within a larger uptrend. Futures swing traders will note the potential for further short-term volatility and possible mean reversion or continuation moves, depending on how price interacts with these key support and resistance levels.