The SPY daily chart shows a strong bullish reversal with fast momentum and large bars, indicating aggressive buying pressure after a significant prior selloff. Both short-term and intermediate-term swing pivot trends have shifted to UTrend, with the most recent pivot high at 700.48 and the next potential pivot low at 683.82. Price is currently above all short-term and intermediate-term moving averages, which are in uptrends, while the 55-day and 100-day benchmarks remain in downtrends, suggesting the longer-term trend is still neutralizing after recent volatility. The 200-day moving average is trending up, supporting a longer-term stabilization. ATR remains elevated, reflecting ongoing volatility, and volume is robust, confirming strong participation in the current move. The market appears to be in a V-shaped recovery phase, with price breaking above multiple resistance levels and testing new highs. This environment is characterized by a potential trend continuation, but with some caution warranted as price approaches major resistance clusters and as longer-term moving averages catch up. The overall structure suggests a bullish bias in the short and intermediate term, with the long-term outlook neutral as the market digests recent gains and volatility.