SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-May-01 07:07 CT

Price Action

Last: 8735,
Bars: Large,
Mom: fast.

WSFG Weekly

Short-Term
WSFG Current: NA%
F0%/NTZ' Bias: Price Neutral,
WSFG Trend: Neutral.

MSFG Month May

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 8614,
4. Pvt. Next: Pvt High 8824,
5. Levels R: 9241, 9092,
6. Levels S: 8614, 8305.

Daily Benchmarks

(Short-Term) 5 Day: 8725 Up Trend,
(Short-Term) 10 Day: 8809 Down Trend,
(Intermediate-Term) 20 Day: 8809 Down Trend,
(Intermediate-Term) 55 Day: 8811 Down Trend,
(Long-Term) 100 Day: 8814 Down Trend,
(Long-Term) 200 Day: 8840 Down Trend.

Additional Metrics

ATR: 96,
VOLMA: 30857.

Overall Rating

Short-Term: Bearish,
Intermediate-Term: Bearish,
Long-Term: Bearish.

Key Insights Summary

Recent price action is working through a lower-high / lower-low decline from the March peak, with the current bar set still showing elevated range expansion and a fast momentum phase. The pivot structure remains short-term bearish with the last confirmed swing low at 8614 and the next opposite pivot reference at 8824, while resistance is layered at 9092 and 9241. Price is trading below the 10, 20, 55, 100, and 200 day benchmarks, keeping the broader tape aligned to the downside, even though the 5 day benchmark is still slightly supportive near 8725. The market has moved back toward the mid-to-lower portion of the recent monthly fib structure after the April selloff and rebound, leaving the session state mixed to neutral on the grid overlays but still technically heavy on the daily trend stack. Overall, the chart shows a corrective rebound inside a larger downtrend, with volatility still present and the swing structure not yet recovered above the clustered benchmark resistance zone.