SPY SPDR S&P 500 Daily Chart Analysis: 2026-May-04 07:08 CT

Price Action

• Last: 720.65,
• 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: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt High 724.87,
• 4. Pvt. Next: Pvt Low 713.31,
• 5. Levels R: 724.87,
• 6. Levels S: 629.28, 619.29, 618.05, 591.89, 575.60.

Daily Benchmarks

• (Short-Term) 5 Day: 714.21 Up Trend,
• (Short-Term) 10 Day: 711.36 Up Trend,
• (Intermediate-Term) 20 Day: 695.26 Up Trend,
• (Intermediate-Term) 55 Day: 685.51 Up Trend,
• (Long-Term) 100 Day: 683.43 Up Trend,
• (Long-Term) 200 Day: 670.46 Up Trend.

Additional Metrics

• ATR: 623,
• VOLMA: 79000000.

Overall Rating

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

Key Insights Summary

SPY is in a powerful bullish expansion with a sharp V-recovery off the late-April low near 629.28 and a direct push into fresh highs at 724.87. The daily structure shows higher highs and higher lows with strong upside momentum, while price is extended well above the 5, 10, 20, 55, 100, and 200 day benchmarks, all of which remain in uptrend alignment. The pivot state is still UTrend on both the short-term and intermediate-term measures, confirming trend continuation rather than reversal. From a futures swing trader point of view, the tape reflects strong trend persistence, broad upside acceptance, and breakout follow-through after a deep pullback and consolidation phase.