SPI ASX SPI 200 Index Futures Daily Chart Analysis: 2026-May-19 07:07 CT

Price Action

Last: 8650,
Bars: Medium,
Mom: Slow.

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: 8822 Down Trend,
(Short-Term) 10 Day: 8704 Down Trend,
(Intermediate-Term) 20 Day: 8729 Down Trend,
(Intermediate-Term) 55 Day: 8770 Down Trend,
(Long-Term) 100 Day: 8819 Down Trend,
(Long-Term) 200 Day: 8839 Down Trend.

Additional Metrics

ATR: 96,
VOLMA: 30857.

Overall Rating

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

Key Insights Summary

The daily structure is carrying a bearish swing profile with the pivot trend and HiLo trend both in DTrend, while price is holding below the clustered benchmark moving averages that are also aligned lower. The May monthly session fib grid shows price trading in the neutral-to-lower portion of the month’s range after a sharp rejection from the upper band, which keeps the intermediate backdrop soft. The chart shows a sequence of lower highs and lower lows from the March peak through the April washout and the recent May rebound-fade, with price now back under the mid-range and near the lower half of the current monthly box. Overhead resistance is layered at 8750, 8925, 9092, and 9241, while the key downside swing supports remain anchored at 8521 and 8305. The broad read is one of corrective weakness inside a still-developing downtrend, with volatility elevated enough to keep swings active and range expansions visible.