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

Price Action

• Last: 731.58,
• 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 736.13,
• 4. Pvt. Next: Pvt Low 724.91,
• 5. Levels R: 736.13,
• 6. Levels S: 629.28, 619.29, 618.05, 591.89, 575.60.

Daily Benchmarks

• (Short-Term) 5 Day: 722.98 Up Trend,
• (Short-Term) 10 Day: 717.57 Up Trend,
• (Intermediate-Term) 20 Day: 707.57 Up Trend,
• (Intermediate-Term) 55 Day: 690.76 Up Trend,
• (Long-Term) 100 Day: 685.00 Up Trend,
• (Long-Term) 200 Day: 672.40 Up Trend.

Additional Metrics

• ATR: 564,
• VOLMA: 47470907.

Overall Rating

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

Key Insights Summary

SPY is in a strong upside expansion phase with a fast momentum profile, large daily bars, and price pressing near the upper end of the recent swing structure. The pivot framework stays in UTrend for both the short-term and the HiLo intermediate trend, while benchmarks are aligned in rising order across all key daily averages, confirming a broad bullish trend stack. The current action shows a sharp V-shaped recovery off the late-April low area near 629.28, followed by a sustained rally through prior resistance zones and into new highs near 736.13. From a futures swing trader perspective, the tape reflects trend continuation, with recent price behavior characterized by strong breakout thrust, higher highs, and higher lows rather than consolidation or mean reversion.