SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-May-06 07:07 CT

Price Action

• Last: 8908,
• 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: 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 8925,
• 4. Pvt. Next: Pvt Low 8717,
• 5. Levels R: 9241, 9092, 8925,
• 6. Levels S: 8614, 8305, 7394, 7216, 7173.

Daily Benchmarks

• (Short-Term) 5 Day: 8722 Up Trend,
• (Short-Term) 10 Day: 8745 Up Trend,
• (Intermediate-Term) 20 Day: 8800 Down Trend,
• (Intermediate-Term) 55 Day: 8802 Down Trend,
• (Long-Term) 100 Day: 8816 Down Trend,
• (Long-Term) 200 Day: 8840 Down Trend.

Additional Metrics

• ATR: 109,
• VOLMA: 41537.13.

Overall Rating

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

Key Insights Summary

Price is rebounding strongly from the 8614 swing support after the sharp April selloff and is now pressing back into the 8900 area, with the short-term pivot structure turned upward and the next resistance cluster centered at 8925, then 9092 and 9241. The daily tape shows a recovery phase with medium-sized bars and average momentum, while the 5 and 10 day benchmarks have turned up and sit beneath price, supporting the near-term bounce. The broader structure remains mixed because price is still below the 100 and 200 day benchmarks, so the intermediate and long-term backdrop is still more corrective than trending. The May MSFG area is being tested from below, and the chart continues to reflect a transition from selloff to consolidation/recovery with overlapping swings, higher lows from the recent base, and overhead supply still visible above 8925.