SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-May-18 07:07 CT

Price Action

• Last: 8521,
• 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: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt low 8521,
• 4. Pvt. Next: Pvt high 8750,
• 5. Levels R: 9241, 9092, 8925,
• 6. Levels S: 8521, 8305, 7394, 7216, 7173.

Daily Benchmarks

• (Short-Term) 5 Day: 8839 Down Trend,
• (Short-Term) 10 Day: 8708 Down Trend,
• (Intermediate-Term) 20 Day: 8746 Down Trend,
• (Intermediate-Term) 55 Day: 8775 Down Trend,
• (Long-Term) 100 Day: 8820 Down Trend,
• (Long-Term) 200 Day: 8839 Down Trend.

Additional Metrics

• ATR: 405,
• VOLMA: 30857.

Overall Rating

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

Key Insights Summary

The daily structure remains firmly in a downside swing phase, with the latest selloff pressing into the 8521 pivot low after a sharp rejection from the May session fib zone and repeated failures beneath the clustered benchmark moving averages. The pivot framework stays DTrend across both the short-term and intermediate-term measures, while resistance is stacked overhead at 8750, 8925, 9092, and 9241. Price action has shifted from the prior rally leg into a fast momentum downswing, and the recent large bearish bars show an expanding trend impulse rather than a quiet consolidation. The broader pattern still reflects a lower-high, lower-low sequence with the market rotating away from the spring recovery attempts and back toward the deeper support band around 8305 and lower historical levels.