SPY SPDR S&P 500 Daily Chart Analysis: 2026-Apr-23 07:09 CT

Price Action

• Last: 711.21,
• 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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt High 711.21,
• 4. Pvt. Next: Pvt Low 698.87,
• 5. Levels R: 711.21, 700.00, 698.87, 691.05, 681.98, 619.05,
• 6. Levels S: 677.51, 672.06, 667.00, 629.28.

Daily Benchmarks

• (Short-Term) 5 Day: 704.91 Up Trend,
• (Short-Term) 10 Day: 698.45 Up Trend,
• (Intermediate-Term) 20 Day: 672.06 Up Trend,
• (Intermediate-Term) 55 Day: 677.51 Up Trend,
• (Long-Term) 100 Day: 681.98 Up Trend,
• (Long-Term) 200 Day: 667.31 Up Trend.

Additional Metrics

• ATR: 56.4,
• VOLMA: 47,470,907.

Overall Rating

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

Key Insights Summary

The SPY daily chart shows a strong bullish momentum with large bars and fast price action, indicating aggressive buying and a potential breakout environment. All benchmark moving averages across short, intermediate, and long-term timeframes are in uptrends, confirming broad market strength. The swing pivot structure is in an uptrend both short and intermediate term, with the most recent pivot high at 711.21 and the next potential pivot low at 698.87, suggesting the market is in a strong extension phase after a sharp V-shaped recovery from the early April lows. Resistance levels are being tested and surpassed, while support levels are well below current price, highlighting the strength of the current move. ATR remains elevated, reflecting increased volatility, while volume is robust, supporting the price advance. The overall technical landscape is bullish across all timeframes, with no immediate signs of exhaustion or reversal, though the market is extended and could be susceptible to short-term pullbacks or consolidation after such a rapid advance.