SPY SPDR S&P 500 Daily Chart Analysis: 2026-Apr-08 07:10 CT

Price Action

• Last: 659.23,
• Bars: Medium,
• Mom: Momentum average.

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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 662.82,
• 4. Pvt. Next: Pvt Low 629.28,
• 5. Levels R: 697.14, 693.68, 687.09, 683.38, 662.62,
• 6. Levels S: 629.28.

Daily Benchmarks

• (Short-Term) 5 Day: 650.48 Up Trend,
• (Short-Term) 10 Day: 640.96 Up Trend,
• (Intermediate-Term) 20 Day: 659.23 Up Trend,
• (Intermediate-Term) 55 Day: 678.82 Down Trend,
• (Long-Term) 100 Day: 670.14 Down Trend,
• (Long-Term) 200 Day: 662.88 Down Trend.

Additional Metrics

• ATR:564,
• VOLMA:47470907.

Overall Rating

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

Key Insights Summary

The SPY daily chart shows a recent recovery from a sharp sell-off, with price rebounding off the 629.28 swing low and currently testing the 662.82 swing high resistance. Short-term momentum has shifted bullish, supported by the 5, 10, and 20-day moving averages all trending up, indicating a strong bounce and potential for further upside in the near term. However, intermediate and long-term moving averages (55, 100, 200-day) remain in downtrends, reflecting that the broader trend is still under pressure and the recent move may be a counter-trend rally within a larger bearish structure. The ATR remains elevated, suggesting ongoing volatility, while volume is moderate. The chart is in a transition phase: short-term traders may see opportunity in the current uptrend, but swing traders should be mindful of significant resistance overhead (662.62, 683.38, 687.09, 693.68, 697.14) and the potential for the rally to stall or reverse as it approaches these levels. The overall environment is characterized by a short-term bullish bounce within a longer-term bearish context, with price action currently consolidating after a V-shaped recovery.