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

Price Action

• Last: 8640,
• Bars: Large,
• 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: DTrend,
• 3. Pvt. Evolve: Pvt High 9092,
• 4. Pvt. Next: Pvt Low 8496,
• 5. Levels R: 9225, 9092,
• 6. Levels S: 8305, 7216, 6863, 6514, 6397.

Weekly Benchmarks

• (Short-Term) 5 Day: 8792 Down Trend,
• (Short-Term) 10 Day: 8727 Down Trend,
• (Intermediate-Term) 20 Day: 8813 Down Trend,
• (Intermediate-Term) 55 Day: 8889 Down Trend,
• (Long-Term) 100 Day: 8497 Up Trend,
• (Long-Term) 200 Day: 7935 Up Trend.

Overall Rating

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

Key Insights Summary

Weekly price is trading below the short and intermediate moving averages while still holding above the longer-term 100 and 200 day benchmarks, which keeps the broader structure constructive but tactically pressured. The pivot structure shows a short-term UTrend, yet the HiLo trend remains DTrend and the next pivot is a lower low at 8496, reflecting a market that has recently recoiled from the 9092/9225 resistance zone. The current candle cluster is large and momentum is average, consistent with a wider swing range rather than a clean trend leg. The yearly and monthly fib grids are neutral in the NTZ, so the market is balanced rather than extended, with price rotating inside a broad consolidation band after the prior rally and sharp retracement. From a swing-trader viewpoint, the chart is transitioning between rally exhaustion near prior highs and a multi-week pullback that is still occurring above the major long-term trend baselines.