The SPI 200 Index Futures weekly chart shows a market in transition. Price has recently pulled back from a swing high at 9225, with the current level at 8793, and momentum is average. Both short-term and intermediate-term swing pivot trends have shifted to downtrends, confirmed by the most recent pivot high and a projected next pivot low at 8305. The weekly and monthly session fib grids indicate a neutral stance, with price consolidating within the NTZ zones and no clear directional bias from the fib grids. Benchmark moving averages for the 5, 10, and 20 weeks are all trending down, reinforcing the short- and intermediate-term bearish outlook. However, the longer-term 55, 100, and 200 week moving averages remain in uptrends, suggesting that the broader bullish structure is still intact despite the current retracement. Key support levels to watch are 8305 and 8022, while resistance is defined by the recent high at 9225. Overall, the market is experiencing a corrective phase within a larger uptrend, with the potential for further downside in the short to intermediate term before any resumption of the long-term bullish trend. The current environment is characterized by consolidation and a possible retracement, with volatility likely to persist as the market tests key support levels.