SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-May-08 07:06 CT

Price Action

• Last: 8762,
• 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 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: 8749 Down Trend,
• (Short-Term) 10 Day: 8770 Down Trend,
• (Intermediate-Term) 20 Day: 8844 Up Trend,
• (Intermediate-Term) 55 Day: 8805 Down Trend,
• (Long-Term) 100 Day: 8820 Down Trend,
• (Long-Term) 200 Day: 8841 Down Trend.

Additional Metrics

• ATR: 96,
• VOLMA: 30857.

Overall Rating

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

Key Insights Summary

The daily structure shows a sharp recovery off the 8305 swing low followed by a rally into the 8925 pivot high, then a pullback that leaves price back near the mid-8700s. Short-term pivot structure remains in UTrend, but price is still working beneath the cluster of higher daily benchmarks, which keeps the broader intermediate and long-term tone softer. The chart is shaped by a wide swing range, with large candles and fast momentum reflecting a reactive, news-driven market rather than a smooth trend. The current position sits between the 8614 support zone and the 8925/9092 resistance stack, with the 8762 area acting as a mid-range balance point after the rebound from the March trough and the April recovery leg.