SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-May-05 07:07 CT

Price Action

• Last: 8702,
• Bars: Large,
• Mom: Slow.

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 8820,
• 5. Levels R: 9241, 9092,
• 6. Levels S: 8814, 8305, 7394, 7216, 7173.

Daily Benchmarks

• (Short-Term) 5 Day: 8702 Down Trend,
• (Short-Term) 10 Day: 8753 Down Trend,
• (Intermediate-Term) 20 Day: 8870 Down Trend,
• (Intermediate-Term) 55 Day: 8803 Down Trend,
• (Long-Term) 100 Day: 8815 Down Trend,
• (Long-Term) 200 Day: 8839 Down Trend.

Additional Metrics

• ATR: 96,
• VOLMA: 30857.

Overall Rating

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

Key Insights Summary

The daily structure remains pressure-heavy after a sharp reversal from the March peak near 9241, with price now tracking below the key benchmark cluster around 8800-8870 and sitting near the lower part of the recent May range. Swing pivot structure is still in a downswing mode, with the active pivot trend marked DTrend while the broader hi/lo sequence remains constructive enough to show an intermediate UTrend backdrop from prior swing recovery. The moving-average stack has rolled over into a broadly bearish alignment, and the current price is trading below the 5, 10, 20, 55, 100, and 200 day reference levels, reinforcing a weak daily posture. Volatility is elevated but not extreme, and the chart reflects a transition from the prior rally phase into a retracement and consolidation zone, with the most recent candles showing failed recovery attempts and lower-high behavior into the 8700 area.