SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-May-04 07:07 CT

Price Action

• Last: 8657,
• Bars: Medium,
• Mom: average.

WSFG Weekly

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

MSFG Month May

• Intermediate-Term
• MSFG Current: 8814%
• 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, 8814,
• 6. Levels S: 8305, 7394, 7216, 7173.

Daily Benchmarks

• (Short-Term) 5 Day: 8712 Down Trend,
• (Short-Term) 10 Day: 8783 Down Trend,
• (Intermediate-Term) 20 Day: 8874 Down Trend,
• (Intermediate-Term) 55 Day: 8807 Down Trend,
• (Long-Term) 100 Day: 8814 Down Trend,
• (Long-Term) 200 Day: 8839 Down Trend.

Additional Metrics

• ATR: 117,
• VOLMA: 40888.67.

Overall Rating

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

Key Insights Summary

Price remains in a corrective phase after the sharp break from the March peak and the subsequent April selloff to the 8305 pivot low. The latest rebound has recovered off the lows but is still trading below the clustered benchmark averages and beneath the key 8814/8839 supply area, keeping the tape in a lower-high, lower-low structure on the daily swing map. The May MSFG sits overhead while the current print is still positioned in the lower portion of the recent recovery range, so the broader bias remains neutral-to-bearish until price can rebuild acceptance above the nearby resistance stack. The pivot framework shows the short-term pivot trend still down, while the higher-timeframe pivot structure has improved enough to register an intermediate uptrend in the swing hierarchy, reflecting a rebound inside a larger corrective environment.